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Biden Energy Secretary Subject of Ethics Complaint for Promoting Electric Company She Held $1.6 Million in Stock

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US Energy Secretary Jennifer Granholm
US Energy Secretary Jennifer Granholm

President Biden’s Energy Secretary Jennifer Granholm has received an ethics complaint for promoting an electric bus company she sat on the board of and held over a million dollars of stock in. She did so all while being a part of the executive branch in Biden’s administration.

Breitbart reports Granholm, “who oversees moving the country toward an electric vehicle transportation system and enjoys newfound powers after the passage of Biden’s infrastructure package — is facing scrutiny for promoting Proterra, a Burlingame, California-based electric bus company she sat on the board of and held 240,520 shares of stock in, which garnered her $1.6 million when she finally divested them 157 days after her nomination.”

Critics say Granholm has promoted Proterra in her official capacity as energy secretary and for hyping grant access to companies with connections to Proterra. Additionally, they say Granholm’s promotion of Proterra has increased its visibility and therefore the value of her stock before she was required to sell her shares due to ethics rules.

As of Monday, the company had a market cap of $2.6 billion. Granholm also promoted Burlingame, a California electric vehicle company, at the same time “Democrats in Congress were crafting – and ultimately passing – Biden’s $1.2 trillion infrastructure package, which dramatically increases Granholm’s authority as energy secretary to advance private sector companies in the transition to an electric vehicle-based transportation infrastructure” reports Breitbart.

The infrastructure package “grants as much as $174 billion to green vehicles and $456 billion to zero-emission buses to ‘replace 50,000 diesel transit vehicles and electrify at least 20 percent of our yellow school bus fleet’ and ‘to build a national network of 500,000 EV chargers by 2030.”

Breitbart reports:

Granholm’s involvement with Proterra started in March of 2017 when the company announced she would be joining its board ostensibly due to her experience with the automotive sector when she served as Michigan’s governor from 2003 to 2011. Proterra hoped to use Granholm’s “track record for producing a high-quality clean energy and transportation workforce in the Midwest” to launch the company into the “next phase of strategic growth and national deployment,” its press release explained. During her time on the board, Granholm supplemented her considerable income by simultaneously serving on the boards and consulting for various left-wing organizations as well, such as American Bridge PAC and Media Matters.

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3 Comments

3 Comments

  1. fred

    November 25, 2021 at 4:50 pm

    time to get rid of this SMUG arrogant fool

  2. Second Amendment1776

    November 26, 2021 at 9:07 pm

    No one should be surprised by this. It’s a requirement for getting a job in Biden’s administration to have payoffs and ill gotten gains to pass on to sleepy Joe

  3. Crazycrissy

    November 28, 2021 at 3:21 pm

    This women totally messed up Michigan as gov, now she sucks up to the dem family for a job. Great….she will ef up this job too.

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Politics

‘Coordinated effort’ to hide Hunter Biden information: Treasury denies request for reports

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joe biden and hunter biden

The United States Treasury Department has denied Republicans’ request for reports and documents which deal with the President’s son, Hunter Biden. In a bizarre response, Treasury legislative affairs chief Jonathan Davidson sent a letter to the House Oversight and Accountability Chairman James Comer saying they need more detail as to why the panel its seeking such “highly sensitive information.”

Apparently suspicious activity surrounding the President of the United States’ son doing business deals, foreign banking and transactions with overseas entities including China and Ukraine is not obvious enough.

Davidson’s letter did not acknowledge whether such reports on the Bidens exist, but instructed Comer that “improper disclosure” of such information can undermine the executive branch’s “conduct of law enforcement, intelligence, and national security activities.”

Comer responded that “this coordinated effort by the Biden Administration to hide information about President Biden and his family’s shady business schemes is alarming and raises many questions.”

Comer added the panel will continue to request the reports and will use “the power of the gavel to get them if needed.”

Bloomberg News reports:

Comer and other Republicans already said they have evidence that finances, credit cards, and bank accounts of Hunter and Joe Biden were commingled if not shared.

And in an interim report released in November, Republicans surmised that the Treasury Department has at least 150 SARs related to financial transactions of Biden family members.

Nonetheless, in his letter to Yellen, Comer explained, “The Committee is investigating President Biden’s knowledge of and role in these schemes to assess whether he has compromised our national security at the expense of the American people.”

Comer added the committee also “will examine drafting legislation to strengthen federal ethics laws regarding employees and their families.”

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