GOP Seeks Probe of Plug Power’s $1.7 Billion in US Backing
- Top Republican senator wants inspector general investigation
- Move comes amid election-year scrutiny of Biden’s green loans
This article is for subscribers only.
A top Senate Republican is asking a government watchdog to investigate nearly $1.7 billion in financing offered last month to hydrogen company Plug Power Inc., alleging potential conflicts of interest and risks to US taxpayers.
The company’s stock dropped more than 9% on the news. Plug shares were trading at $2.99 at 1:15 p.m. in New York.