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


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


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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.”