Connect with us

Politics

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

Published

on

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.

You may like

Continue Reading
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.

Leave a Reply

Your email address will not be published.

Immigration

Texas has raised over $55 million from private donations to secure border, build a wall

Published

on

Screenshot 2020 06 10 14.27.21

As of September 12, the state of Texas has raised a little over $55 million in private donations, to secure the southern border and build a wall. “While securing the border is the federal government’s responsibility, Texas will not sit idly by as this crisis grows. Texas is responding with the most robust and comprehensive border plan the nation has ever seen,” Texas Gov. Greg Abbott said in a statement.

“The State of Texas is working collaboratively with communities impacted by the border crisis to arrest and detain individuals coming into Texas illegally,” Abbott’s statement reads. “Our efforts will only be effective if we work together to secure the border, make criminal arrests, protect landowners, rid our communities of dangerous drugs, and provide Texans with the support they need and deserve.”

In addition to finding money for a border wall, Abbott has signed legislation which designated Mexican drug cartels as domestic terrorists, and has called on President Joe Biden to do the same.

“Fentanyl is a clandestine killer, and Texans are falling victim to the Mexican cartels that are producing it,” said Governor Abbott in a statement. “Cartels are terrorists, and it’s time we treated them that way. In fact, more Americans died from fentanyl poisoning in the past year than all terrorist attacks across the globe in the past 100 years. In order to save our country, particularly our next generation, we must do more to get fentanyl off our streets.”

“As of now, Biden has not responded to Abbott’s request to designate Mexican cartels as terrorist organizations” reports Just The News.

You may like

Continue Reading
Advertisement

Trending Now

Advertisement

Trending

Proudly Made In America | © 2022 M3 Media Management, LLC