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.
Nothing shady about that, huh?
Red State reports:
Swamp Thing: Energy Sec Jennifer Granholm Makes Bank on Proterra Sale
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.
Do you think you could get away with a deal like this?
"On Wednesday, Granholm confirmed she earned a $1.6 million profit on her shares of Proterra amid a firestorm over her financial ties to an electric vehicle company repeatedly promoted by the Biden administration."
It pays to be a corruptocrat, sadly.https://t.co/gb4hhIjZdN
— Young Americans for Liberty (@YALiberty) May 28, 2021
“On Wednesday, Granholm confirmed she earned a $1.6 million profit on her shares of Proterra amid a firestorm over her financial ties to an electric vehicle company repeatedly promoted by the Biden administration.”https://t.co/yXci4mZhOB
— RNC Research (@RNCResearch) May 27, 2021
The swamp takes care of its own.