Biden administration Energy Secretary Jennifer Granholm made $1.6 million on stock options of Proterra, an electric bus manufacturer, at the same time she was pushing for electric vehicle adoption in the United States. The Post Millennial’s Ari Hoffman reports:
Biden administration Energy Secretary Jennifer Granholm exercised $1.6 million in stock options with an electric vehicle technology firm as she and President Joe Biden continue to encourage Americans to buy electric cars in response to spiking gas prices. According to the Daily Mail, Granholm sold her holdings in Proterra, based in Burlingame, CA, in 2021, but recently exercised $1.6 million in stock options from the company. According to Forbes, Granholm is worth $8 million and recently served as director of the electric vehicle company, but divested following Republicans last year raising concerns about the involvement with the company. A spokesperson for the Energy Department said that Granholm “…acted in full accordance with the comprehensive ethical standards set by the Biden Administration and has completed her divestment well ahead of the time required by her ethics agreement.”
Biden Energy Secretary Jennifer Granholm insists high gas prices are “a very compelling case” to buy an electric vehicle. pic.twitter.com/pMpLIoXBKR
— RNC Research (@RNCResearch) June 14, 2022
In response to questions regarding soaring gas prices on Tuesday Granholm said, ‘If you filled up your EV [electric vehicle and you filled up your gas tank with gasoline, you would save $60 per fill-up by going electric rather than using gasoline but it’s a very compelling case, but again, we want to bring down the price at the point of purchase.
Energy Secretary Jennifer Granholm laughs when asked about Biden’s plans to bring gas prices down.
“Ha ha ha. That is hilarious!” pic.twitter.com/0V0XCsVqDc
— RNC Research (@RNCResearch) November 5, 2021
Last year, a video of the former Michigan Democratic governor laughing when a journalist asked her about a plan to curb high energy prices went viral.
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