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. Required fields are marked *

Politics

Jan. 6 Select Committee Announces Plan to ‘Advance Contempt Proceedings’ Against Mark Meadows

Published

on

Mark Meadows
Photo by Sarah Silbiger/Getty Images

The January 6th Capital riot saga continues as a Democratic-led Select Committee has confirmed its plans to hold former President Trump’s chief of staff Mark Meadows in criminal contempt. On Tuesday CNN obtained a letter that Mark Meadow’s attorney sent to the January 6 Committee formally announcing he would refuse to continue to cooperate with the probe.

“We agreed to provide thousands of pages of responsive documents and Mr. Meadows was willing to appear voluntarily, not under compulsion of the Select Committee’s subpoena to him, for a deposition to answer questions about non-privileged matters,” attorney George J. Terwilliger III stated in the letter.

“Now actions by the Select Committee have made such an appearance untenable…In short, we now have every indication from the information supplied to us last Friday — upon which Mr. Meadows could expect to be questioned — that the Select Committee has no intention of respecting boundaries concerning Executive Privilege,” Terwilliger added.

Committee Chairman Bennie Thompson (D-MS) wrote a letter dated December 7 announcing its retaliatory actions: “The Select Committee is left with no choice but to advance contempt proceedings and recommend that the body in which Mr. Meadows once served refer him for criminal prosecution.”

CNN reports on the timeline of correspondence between the Select Committee and Mr. Meadows:

Meadows was first subpoenaed by the committee on September 23. On November 12, Meadows failed to appear for a deposition, but on November 22, the committee gave Meadows another opportunity to begin cooperating with the committee by turning over documents and scheduling a new deposition, to which Meadows agreed. But, the day before the scheduled deposition, Meadows, via his lawyer, informed the committee he would not be appearing for the scheduled December 8 deposition and would cease cooperating with the committee.

Prior to Tuesday’s decision to cease cooperating with the committee, Meadows “had turned over approximately 6,000 pages worth of documents to the panel” reports CNN.

You may like

Continue Reading
Advertisement

Trending Now

Advertisement

Trending