May 14, 2021

Report: Top Biden aide is in a position to profit off of Biden’s green energy push

The potential profitability of political connections is something of which countless individuals from both sides of the aisle have long taken advantage, but when such a scenario openly implicates a sitting Cabinet-level administration official, the fallout can – or at least should – be particularly problematic.

According to Breitbart, as part of the current administration’s green energy initiatives, President Joe Biden and Vice President Kamala Harris recently paid visits to an electric battery enterprise in which current Energy Secretary Jennifer Granholm has been revealed to have a sizable financial interest, causing many to question the propriety of her continued stake in the firm.

As part of his effort to secure passage of a massive infrastructure bill, Biden has publicly promoted Proterra, an electric battery producer in which Granholm owns upwards of $5 million in securities, as the Washington Free Beacon reported. The president participated in a virtual tour of company facilities on Tuesday, and on Monday, Vice President Harris visited a firm called Thomas Built Buses, a North Carolina company that builds school buses using Proterra battery and drivertrain components.

The apparent conflict of interest emerged when it became known that not only did Granholm join Proterra’s board of directors back in March of 2017, she also retained up to $5 million in company stock options, according to mandatory financial disclosures, as the Free Beacon noted. While she promised back in January that she would resign her board position and sell her company stock, she still has control of the securities, a White House official admitted.

Granholm’s interest in Proterra is concerning given that pursuant to an executive order issued on February 24, the president tasked her with “identifying risks in the supply chain for high-capacity batteries, including electric-vehicle batteries.”

Furthermore, the Biden administration’s infrastructure proposal, if approved, would devote investments of $174 billion to the electric vehicle market and would include a push to convert no less than 20% of the existing school bus fleet to electric.

Not surprisingly, after President Biden took part in a virtual tour of Proterra and touted his administration’s desire to increase federal expenditures on electric battery technologies, company shares experienced an notable increase in value. Given that Granholm is still in a position to benefit from such a price jump, the conflict of interest is plain to see.

The link between Granholm and Proterra brings to mind another standout example from the annals of crony green capitalism, that of defunct solar panel company Solyndra. Beneficiaries of a half-billion dollar loan from the Obama administration, the firm – which also had substantial ties to government officials – was, as Mitt Romney put it at the time, “a symbol of a serious conflict of interest” that involved “taking money from the taxpayers and giving it freely to [the president’s] friends.”

Whether Granholm will indeed divest herself of Proterra stock within the time period mandated by federal ethics rules remains to be seen, but the entire episode is a stark reminder of the real risk of corruption that continues to permeate the political landscape.

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51 Responses

  1. Single Mom Makes $89,844/Yr in Her Spare Time on The Computer Without Selling Anything. you can bring from $5000-$8000 of extra income every month. working at home for 4 hours a day, and earning could be even bigger.

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    1. CORRUPTION, CORRUPTION, CORRUPTION that is this Administrations play book but OH MY, WE MUST SEE TRUMPS TAX RETURNS they said for 4 years.

      1. I am NO SUPPORTER of any green new deal. The green new deal is the OFF switch to industry in many states including PA, OH, MD, VA, KY, and more. If you value your job, vote NO for green new deal…

        1. Too bad we don’t get a vote on all these issues that are potentially ruining our lives, our futures and the future of our children and grandchildren. We certainly can’t rely on the politicians to give a damn if we can earn a living or maintain the American dream.

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        1. That makes two of us right now maybe more later !! Can’t stand John Kerry have any of you read swift boat!!!! if not READ IT!!!!!

    2. In 2021 I am making a good salary from home $7300-$9600/week, which is amazing, under a year back I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone,

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      1. Now it starts all over again. The Democrats are masters of the art of making sweet deals for themselves at the
        expense of us lowly tax payers. The energy secretary should either resign or dispose of her interest in that
        company before any public money is involved. It looks like Hunter Biden’s financial shenanigans will amount
        to peanuts when this new administration is finished!!!!

  2. This whole administration is in for the money they don’t care about the American people only how the can put in thier pockets,this is the worst of the worst group of lowlifes I’ve ever had the displeasure of seeing in office

  3. HEY biden — just do what you would have had the cabinet member been one of TRUMP’S. fire the ——, then have your FBI and Injustice Department send her to prison on forced work detail repairing hurricane damage in Puerto Rico

  4. This is in your face the “SWAMP” back in business. Just like the stimulus, was not for neither is this ridiculous “Green New Deal”. You ever hear the song “Back stabber”, that is exactly what’s going on. One last thing. These people are not Democrat’s, they are no longer a part of the political system in this country. Through treason they have become domestic terrorist’s operating a terrorist organization “Antifa and BLM”. And using stimulus and green new deal to bankroll their agenda on your tax dollar backs, which is illegal also. They have no reverence for America, the constitution, much less the “rule of law”. As continually demonstrated daily, most of all by Biden.

    1. Thank you Martin!!! I wish we could post your comment on every billboard along every highway in the Nation so people can read what is really going on in “”OUR””! country. Everyone work hard so the Biden administration has money to continue to steal from all of us!!

      1. Linda and Martin…..So correct. But then why is this being allowed with no pushback from Republicans or anyone else>? Pathetic this can go on, really a very sad commentary on the downfall of These United States.

    2. Hey Martin: Unfortunately, for the most part, the people of the U,S. are greedy and actually think the stimulus money is a free money “gift” from the government. No one stops to look at that the Demorats are “giving them their own money” that will have to be repaid & most of the idiots in power are to old with 1 foot in the grave, to be around to reap any benefit they may be seeking for themselves. I wish we could spread banana peels in front of them as they walk so we could hasten the process.

  5. Good men and women fought for the freedom that we enjoy now and it seems as if this Administration wants to take that away from us this cannot be allowed, criminals are running this country and it starts at the top

    1. hi RENEE: Thanks you for recognizing the people who fought and died for this country. My Grandfather was a WW1 Veteran, My Father was a WW2 Veteran, my uncle is a Marine Veteran, & my Brother and myself are Vietnam era Veterans. The surviving family Veterans and the Veterans of the past in my family are and would be totally sickened at what is going on in this country. The biggest lie of all, and the lie heard “round the world”by our enemies, is when that LYING SOB Biden took the oath to uphold the Constitution of the United States of America. He and the rest of the Democratic party are all TREASONS and should be handle the way treasons are suppose to be and that is EXECUTION.

  6. What should be reported is the impact of mining for the battery metals and the destruction caused. Also include the impact of these batteries after they have to be disposed .

  7. I don’t know why anyone tries to make any charges against the Communistic, Dictatorship seeking Demorats. When the FBI, CIA and most federal judges are “‘in their pocket”. That fact was obvious when courts refused to hear any election fraud charges even though there was blatant law breaking occurring in multiple states that were mostly Dem controlled and the ones that were traditionally Republican, they allowed law breaking to happen in the larger & more influential counties within the state to change the election outcome. You also have to take into account, that any convictions that were “allowed” to happen, would simply be “pardoned” by vacancy of the cranium Biden anyway. I personally never thought I could feel the way I do, to hold so much contempt towards so many people, but when those “people” are tearing down the United States of America, destroying and ignoring the Constitution, something is going to & HAS to happen.

  8. We have to have more republicans like Josh Hawley and Ted Cruz that aren’t afraid to stand up tp democrats and their evil corruption. Too many republicans are just as bad as democrats when they just look the other way.

  9. If that would have happened in president Trumps administration, the Dems would want her in jail and Trump to resign.

    1. Cindy: You have to remeber that it doesn’t matter if things are illegal or not when the Demorats have the FBI, CIA and many federal judges in their pockets. Even if someone were to be found guilty and convicted with a jail sentence, Brainless Biden would then simply PARDON them! It’s kinda like “pitching crap against the tide”.

  10. SNIFF & BLOW GOTTA GO! TIME TO DITCH BIDEN AND HARRIS!

    WE THE PEOPLE (aka SILENT MAJORITY) had countless opportunities to have stopped this nightmare, but we chose to give the DEMOCRATS what they expected of us, to REMAIN SILENT! Thus, making us equally complicit in the fraud perpetrated against United States Americans!

    Isn’t it time you actually did something, took action? How much more damage needs to be done?

    I urge everyone who reads this to PICK UP THE PHONE and call your REP AND SENATORS in DC and DEMAND a COMPLETE AUDIT AND INVESTIGATION into the 2020 ELECTIONS and for the IMMEDIATE IMPEACHMENT OF BIDEN AND HARRIS.

    BIDEN is completely UNFIT FOR OFFICE! And they both (BIDEN & HARRIS) have family members putting them both in a CONFLICT of interest position advertising and promoting their businesses and using their VP and POTUS both as an advertising self-interest, self-promoting position and it is ILLEGAL!

    Then copy and paste this information into an E-Mail and send to friends and family asking them to make the calls, then forward on to their friends asking them to make the calls and forward on! WE NEED TO MAKE THIS GO VIRAL!

    Members of the House
    202-224-3841

    Members of the Senate
    202-224-3121

    TOLL FREE:
    866-272-6622

    Keep in mind: SILENCE = ACCEPTANCE

    Please, don’t make an excuse not to make the calls, excuses as they say are like A-*****, we all got one!

  11. The Biden Administration needs be stopped all there crooked Green deals at the expense of the tax payers has got to stop this guy as soon as he got in office he starts his crooked Sceames he needs to be Impeached I bet if it was a Republican they would all ready have started Impeachment Proceedings these creeps will stop at nothing to sell our Country out to the highest Bidder we Definitely need a change 2022 & 2024 if we still have a Country

  12. AND ONCE AGAIN NOTHING WILL BE DONE.!
    THIS COUNTRY IS NO LONGER DIVIDED IT IS,
    SHATTERED,!WE ARE NOW THE”UNITED STATES
    OF CHINA..RAN BY BLM AND OBAMA’S MINIONS
    WITH BRAIN DEAD JOEY IN THE BACK GROUND
    KISSING WOMEN THAT DON’T WANT ANYTHING
    TO DO WITH HIM WHILE DR.JILL ALLOWS HIM TO
    MAKE A FOOL OF HIMSELF.!

  13. THESE DEMOCRATES ALL NEED TO BE IN PRISON FOR WHAT THEY ARE DOING TO AMERICA. BIDEN AND HIS COMMUNIST PARTY OF TRATIORS NEEDS MOVE TO CHINA IF THEY WANT TO BE COMMUNISTS.. WE NEED TO TAKE OUR COUNTRY BACK AND PUT THESE COMMIES ON THE OTHER SIDE OF BORDER WHERE THEY BELONG ANDBFINISH BUILDINGTHAT WALL THAT BIDEN DIDN’T. WE NEED ARE REAL PRESIDENT TRUMP THAT WON THE ELECTION NOW BEFORE THESE DEMOCRATES DESTORY OUR COUNTRY.

  14. Granholm was a horrible governor and liar. She knows nothing about energy. Thus she fits in with the rest of his cabinet. They get richer we get poorer.

    1. The bible said the richer would get richer and the poorer would get poorer. People you need to read your BIBLE.

  15. They are all treasoness. The hard core left, especially. They took an oath of office when they went into our Congress and no a one of them are defending our consitution. Except they are attacking it. THAT IS TREASON

  16. In 2021 I am making a good salary from home $7300-$9600/week, which is amazing, under a year back I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone,

    Here is what I do. ——->> http://www.works79.com

  17. Aren’t all Cabinet Secretaries required to provide their last income tax returns? If so, this should have been caught at that time, unless Biden’s staff are hiding them. The President hasn’t provided his last 4 income tax returns as was required of President Trump. What is required of one President should be required of al incoming Presidents. So, where is Biden’s? C’mon, man!! Do what is right. We know we can’t depend on the Speaker of the House to do what is proper, who can the American people go to? She’s just, if not more corrupt than Biden.

  18. Everytime a Republican in power says they are doing
    something about what is happening it’s like the episode
    of Sienfeld consisting of “Yatta.Yatta.Yatta and they get
    away with it over and over again.!
    NO MORE TALKING.!! Take the lead that BLM is using
    to scare the crap out of Americans and get our Country
    back by what ever means are necessary.!Obama’s dream
    is coming true, not like MLK’s dream of not color but,
    by Character.!

  19. they did the same thing in the obummer era and everything was a big scam in which well over haf a billion dollars would up missing. incompetance and corruption go hand in hand

  20. I feel that most if not all are benefiting off Biden, Pelosi ‘s husband just made millions was it insider help ? Hunter made millions off the Biden mane Now all his relatives are falling line for the payoff.

  21. democrats are the SWAMP. They should all be drowned and fed to the gators. Naw, won’t do that. It’d kill the gators. They are such a despicable lot. Nadler, Schiff, Swalwell, the Pig, Sanders, Warren, AOC and Waters, to name a few, are all scumbags who only promote themselves for themselves.

  22. That makes two of us right now maybe more later !! Can’t stand John Kerry have any of you read swift boat!!!! if not READ IT!!!!!

    1. John Kerry is a disgrace to all Vietnam Vets including
      myself he and R.Blumenthal shoud both be charged
      with stolen valor Kerry should be in Leavenworth prison
      for treason just as soon as he let’s the Irainians launch
      a nuclear missle at ,first Israel then the US.If that idiot
      lets this happen Israel will start WW3 and nothing will
      stop it.

  23. It is time for pay outs. get your besties job no one can bid on. still the big guy get 10% of the top

  24. For all dads and moms that love to stay home to take care of their loved ones, or rest of people on the search for an opportunity to pull in some extra income for their family month after month. My buddy’s sister makes $100 /hr at the pc from this method. Let me share a remarkable opportunity to explore. Directions to get started a website online.

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  25. There’s certainly a great deal to find out about this subject.
    I really like all the points you made.

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