Breaking News: Bill Richardson withdraws as Commerce Secretary nomination

The NYT and AP report:

Gov. Bill Richardson of New Mexico confirmed in a statement released Sunday afternoon that he has withdrawn his name as the commerce secretary nominee, citing a pending “investigation of a company that has done business with New Mexico state government.”

Mr. Richardson says in the statement that he and his administration “have acted properly in all matters,” but that the “ongoing investigation also would have forced an untenable delay in the confirmation process.”

That is really too bad, because Richardson was a big supporter of clean energy and climate action — and that is quite rare for a Commerce Secretary (see “The first green Secretary of Commerce”). I hope PEBO picks someone else who understands that the future of American commerce is cleantech.