Electric bus maker once touted by Biden files for bankruptcy

  • 📰 WashTimes
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Electric bus maker Proterra once touted by Biden files for bankruptcy

Energy Secretary Jennifer Granholm served on

’s board of directors, and after conflict of interest criticisms once assuming her government role, sold her $1.6 million worth of shares in May 2021.appointed Mr. Joyce to a national advisory committee on international trade called the President’s Export Council. The company’s bankruptcy comes despite billions in funding and tax credits for electric buses through the Bipartisan Infrastructure Law and PresidentMr. Biden still struck an upbeat tone Tuesday on his administration’s efforts to reduce emissions, which largely depends on remaking the transportation sector that is America’s second-largest source of emissions.

“All these historic measures put us on track to cut all American emissions in half — in half — by 2030, and we’re well on our way,” the president said during remarks in Arizona while unveiling a new national monument to protect the land from uranium mining. “There’s a lot of good that’s going to come from the sacrifices of dealing with taking on the climate crisis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 235. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silicon Valley electric vehicle tech maker Proterra files for bankruptcyProterra, a leading electric vehicle technology company based in Silicon Valley, has filed for bankruptcy. The company plans to either recapitalize its businesses or sell them off. Despite the financial challenges, Proterra will continue its operations using existing funds.
Source: mercnews - 🏆 88. / 68 Read more »

Bay Area-based electric bus maker Proterra files for Chapter 11Electric bus and truck maker Proterra has filed for Chapter 11 bankruptcy protection from a federal court in Delaware. The Burlingame company is a major supplier of buses to transit systems across the nation.
Source: KPIXtv - 🏆 443. / 53 Read more »

Proterra Files for Chapter 11 Bankruptcy, Stock PlummetsProterra, a major supplier of electric buses to transit systems, has announced its decision to seek Chapter 11 bankruptcy protection. The company plans to continue its operations and use existing capital to fund its activities, including paying employees, vendors, and suppliers.
Source: MarketWatch - 🏆 3. / 97 Read more »

D.C. intervenes in Burisma corruption probe; Biden's involvement concealedDevon Archer, a former associate of the Biden family business, revealed to House investigators that executives at Ukrainian energy firm Burisma sought President Biden's assistance in suppressing a state-run corruption investigation. They requested Hunter Biden to contact his father, who was then the vice president. Archer emphasized that Burisma valued Hunter Biden's influence as a lobbyist and expert due to his powerful name. He further stated that Burisma would have faced financial ruin if it had not been associated with the Biden brand.
Source: WashTimes - 🏆 235. / 63 Read more »