Biden Gives $2.8B To Battery Companies That Push ESG Agenda

  • The conditional grants are the latest attempt by the Biden administration to push its diversity, equity, inclusion, and accessibility (DEIA) plan into the private sector. Last month, DEIA leaders from several agencies met and agreed to extend their efforts in this area “across the federal government and our society.”
  • It is also part of a broader trend of companies following environment, social, and governance (ESG) principles to earn a “responsible” brand among investors.
  • On Wednesday, President Biden and Energy Secretary Jennifer Granholm announced the $2.8 billion “investment” in EV battery companies and said explicitly that their decision to provide federal funding for these projects was conditioned on a promise to advance the DEIA agenda.
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