Joe Biden is promoting an energy company called Proterra as he tries to sell the country on his infrastructure package.
Would you be surprised to learn that Biden’s energy secretary Jennifer Granholm is heavily invested in Proterra?
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There’s a term for this. It’s called crony capitalism.
The Washington Free Beacon reports:
Biden to Showcase Business Tied to Energy Sec Granholm
Energy Secretary Jennifer Granholm owns up to $5 million in the electric battery and vehicle manufacturer President Joe Biden will promote on Tuesday as part of his push for a $1.9 trillion infrastructure bill.
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Biden’s virtual visit to the electric battery producer Proterra comes days after Vice President Kamala Harris paid a visit to Thomas Built Buses, a North Carolina-based school bus company that counts Proterra as its main supplier of electric vehicles. The back-to-back White House visits to Granholm-connected companies risk at least the appearance of impropriety and demonstrate how lawmakers can use policy initiatives to pad their own wallets.
Biden’s infrastructure package includes a $174 billion investment in the electric vehicle market, calls for the replacement of “50,000 diesel transit vehicles” in favor of electric alternatives, and creates a Clean Buses for Kids program that will “electrify at least 20 percent of our yellow school bus fleet.”
Granholm has taken a leading role in the administration’s forthcoming infrastructure package. The president in February tasked her with “identifying risks in the supply chain for high-capacity batteries, including electric-vehicle batteries, and policy recommendations to address these risks.”
Doesn’t this count as a conflict of interests?
THREAD:
SCOOP from me and @CAndersonMO in @FreeBeacon
Today, @POTUS is virtually visiting *one company* to tout his $1.9 trillion infrastructure plan: @Proterra_Inc
His @ENERGY sec, @SecGranholm owns up to $5 million in Proterra stock optionshttps://t.co/nDp4aBIGEt
(1/4)
— Matthew Foldi (@MatthewFoldi) April 20, 2021
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YESTERDAY, @VP @KamalaHarris visited *another* Proterra-connected company: @ThomasBuiltBus, which counts Proterra as a partner
Consecutive visits to Granholm-connected companies demonstrate how lawmakers can use admin policies to pad their pocketshttps://t.co/nDp4aBr5MV
(2/4)
— Matthew Foldi (@MatthewFoldi) April 20, 2021
Granholm spent 5 years on Proterra’s board. On 1/16 she promised to “avoid any actual or apparent conflict of interest in the event that I am confirmed”
She also pledged to sell her stocks which Biden’s White House confirmed to us she has not donehttps://t.co/nDp4aBr5MV
(3/4)
— Matthew Foldi (@MatthewFoldi) April 20, 2021
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Biden placed Granholm in charge of “identifying risks in the supply chain for high-capacity batteries, including electric-vehicle batteries, and policy recommendations to address these risks.”
A key Proterra product? Electric-vehicle batterieshttps://t.co/nDp4aBr5MV
(4/4)
— Matthew Foldi (@MatthewFoldi) April 20, 2021
Will the liberal media cover this? Would they if it was Trump?
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You know they would.
Cross posted from American Lookout.
Source material can be found at this site.
