US Energy Secretary Dumped $1.6 Million Holdings in Electric Bus Maker after Biden Visited Factory

US Energy Secretary Jennifer Granholm sold $1.6 million of holdings in the electric bus company Proterra shortly after Joe Biden visited the company. As The Daily Fetched reported on Wednesday, Proterra has since filed for bankruptcy.

Granholm became a member of the company’s board of directors in 2017 and resigned after being confirmed as Secretary.

Michael Chamberlain, director of Protect The Public’s Trust, argued the sale of the holdings is an example of the Biden administration’s ethics issues.

“She served on the board of Proterra until she was confirmed as secretary, and then she inexplicably held on to stock options, as you mentioned, for an extended period of time, even until really the media pressure became too great, apparently, for her to be able to continue before she finally did sell those,” he told Just the News.

“And meanwhile, the Biden administration, President Joe Biden, Vice President Harris, they were promoting the company,” Chamberlain added.

“I believe the CEO made visits to the White House. It really, at that time, it really did not look good from an ethical perspective,” he said.

US Energy Secretary Dumped $1.6 Million Holdings in Electric Bus Maker after Biden Visited Factory