In the stimulus bill that passed Congress, $86 billion was earmarked for “green initiatives,” something that was heavily lobbied for by Doerr. The Department of Energy (DOE) was then put in charge of choosing which companies to award grants to.
However, close examination of those companies who have so far received grants reveals that KPCB venture companies – businesses in which Doerr has a vested financial interest – have received a large portion of the DOE’s fund.
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