Energy Secretary Granholm Still Owns Millions of Stock in Electric Company Pushed by Biden

Energy Secretary Granholm Still Owns Millions of Stock in Electric Company Pushed by Biden

Just days ago, we reported on Biden’s Secretary of Energy Jennifer Granholm who narcissistically and incorrectly told Americans that if they drove electric cars the fuel shortage resulting in the hacked Colonial Pipeline would not affect them.

Now we know what is behind her coldhearted push, and it’s not the ozone layer. RedState says “A Major Biden Administration Scandal Is Brewing” because Granholm stands to become a very, very wealthy woman.

Granholm owns millions of dollars in stock in a company called Proterra. Proterra is an electric vehicle company that is being actively supported by the Biden administration. Granholm is Secretary of Energy. Catching on? Granholm is in a position to make regulations that directly affect her pocketbook.

RedState reports “the story has gotten worse as Granholm appears to have reneged completely on her pledge to sell her stock and leave the board of the company in question.” Even CNN reported in-depth on May 6:

President Joe Biden and Vice President Kamala Harris’ efforts to sell their green agenda and infrastructure plan are being complicated by a thorny conflict of interest for Energy Secretary Jennifer Granholm — who stands to gain a windfall from stock options in a private electric vehicle company.

Last month, Biden took a virtual tour of Proterra, a company Granholm holds millions of dollars invested stock options in and previously sat on the board of. During the tour, Biden praised employees and the CEO for their work in the electric vehicle space.

“Chairman, let me say something quickly to you. The fact is you’re making me look good,” Biden told the company’s head executive, before pledging to come back in person at a later date. “I used to have a friend that said it’s always great to do well and do good — you’re doing both pal. You really are.”

…Despite the hundreds of electric vehicle-related companies in the United States, Harris also toured a partner of Proterra, and the Proterra’s CEO Jack Allen later took part in a session at the administration’s US Climate summit.

That Granholm even promoted electronic cars as part of the administration’s climate push is already ethically questionable, experts say, but Biden and Harris’ direct highlighting of Proterra is even more problematic as it could increase the company’s value when it goes public — and increase Granholm’s profits.

It is no longer May 6, and Granholm has only “resigned a position on the board of Proterra upon being confirmed, as she agreed to do under agreement with the Office of Government Ethics. That same agreement calls for her to divest herself of shares in the company but gives her 180 days from her confirmation by the U.S. Senate in February to do so” reported the Detroit Free Press.

The Detroit Free Press said her office, less than a week ago, had claimed she intends to “make those divestments in accordance with the agreement” but there was no justification for why it had not yet been done.

A spokeswoman with the Office of Government Ethics said when its staff works on an agreement with a government official, it takes into account what might be considered a reasonable amount of time to divest of a stock, given various aspects, such as how easily such shares may be sold.

The official also said, “ we do always want to see people divest as soon as possible” and now that she has been given a certificate allowing Granholm to defer paying taxes on any capital gains she might receive from the sale, “now she’s got this in hand and there shouldn’t be anything stopping her.”

Granholm Attacks Gas ‘Hoarders,’ Says If Drove Electric Car Fuel Shortage ‘Would Not Be Affecting You’

The Biden administration’s secretary of Energy Jennifer Granholm has demonstrated her deadly combination of daft, dismissive and just plain stupid. In a White House press briefing on Tuesday Granholm expressed a flat-out lack of compassion for citizens in the United States as we deal with the serious consequences of a cyber-attack on one of our largest fuel sources.

At one point during her lecture behind the podium she says, “the American people can feel assured that this administration is working with the company to get it resumed as soon as possible.” Except, her entire speech is not only assuring, it is quite frankly, insulting.

First she comes down on gas station owners: “we expect that gas station owners are – are and should act responsibly. We will have no tolerance for price gouging.” And, “federal and state officials will be investigating those actions if they see price gouging. And we are urging consumers to report any price gouging to their state attorneys in general.” Got it.

She then jumps not only into criticizing, but actually gives a warning to those going into defense mode and who feel a need to protect themselves. “And as – one other warning, I guess: Let me emphasize that, much as there was no cause for, say, hoarding toilet paper at the beginning of the pandemic, there should be no cause for hoarding gasoline, especially in light of the fact that the pipeline should be substantially operational by the end of this week and over the weekend.

Just in case she hadn’t insulted enough of the American population yet, she pulls out the hip liberal move and touts electric cars. When asked by a reporter “how does this speed up the efforts at DOE to move in more of a renewable direction since this is going to have an impact on people at the pump?”

In a condescending response she answers, “Yeah, I mean, we obviously are ‘all in’ on making sure we meet the President’s goals of getting to 100 percent clean electricity by 2035 and net-zero carbon emissions by 2050. And, you know, if you drive an electric car, this would not be affecting you, clearly.” Hopefully a follow-up question will be asked of Mrs. Granholm as to where she thinks electricity to charge the cars comes from.


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