Last month, Joe Biden visited the energy company Proterra. At the time, the media did its best to ignore the fact that Biden’s Energy Secretary Jennifer Granholm owned a massive amount of stock in the company.
Now that Biden has used the power of the presidency to pump up the company, Granholm has sold her stock in Proterra and made a small fortune doing it.
We previously reported that Energy Secretary Jennifer Granholm owned up to $5 million in stock options in Proterra, an electric vehicle technology manufacturer.
At the same time, she’s the United States Secretary of Energy, playing a big role in pushing electric vehicle usage as part of Joe Biden’s infrastructure initiatives. She was tasked to focus on “risks in the supply chain for high-capacity batteries, including electric-vehicle batteries, and policy recommendations to address these risks.”
The infrastructure program also creates a Clean Bus program to electrify school buses and Proterra is involved in making batteries for such vehicles.
And now it looks like the swampy pay-off is now kicking in. A spokesperson confirmed that Granholm finally sold the stock options and that she scored a $1.6 million profit from the sale. The spokesperson claimed that she, therefore, had complied with the requirement to divest.
https://americanlookout.com/energy-secretary-granholm-sells-stock-in-company-biden-promoted-pockets-over-a-million-dollars/