Former Michigan governor Jennifer Granholm, President Joe Biden’s pick for energy secretary, could pocket up to $5 million for stepping down from a prominent position with a Silicon Valley energy company.
Granholm will relinquish her spot on the board of Proterra, Inc., an electric-vehicles manufacturer, if she is confirmed by Congress. She will also sell off all stocks in the company, resulting in a windfall. Disclosure forms show that Granholm’s stock in Proterra is valued between $1 and $5 million. She will also divest from other energy companies, including First Solar, a solar-panel company, and Duke Energy, an electric company. These investments would bring Granholm an additional $2,000 to $30,000.
Granholm’s close ties to the energy industry are likely to raise conflict-of-interest concerns. In addition to her role with Proterra, Granholm does consulting work for startups and businesses in the clean-energy, transportation, and advanced-manufacturing sectors. As energy secretary, Granholm would push Biden climate policies that would provide a lucrative boost to those sectors.
The industry has already seen an uptick since Democratic victories in the 2020 elections and Georgia runoffs.
- We Just Witnessed An Economic Sign That Hasn’t Happened Since The Peak Of The Great Depression In 1932
- 14 Videos That Will Make You Want To Scream Out “ARE YOU KIDDING ME?”
- It’s Now Undeniable That the Government Has Been Lacing Chicken Feed so That Chickens Stopped Laying Eggs
- The FDA Is Literally Demonic
- Michael Burry: ‘Sell’
- RUSSIA releases message for American Soldiers
- Top US Geostrategic Think-Tank RAND Corp Says the US Lost the Ukraine War and Should Surrender
- This Week’s New Dystopian Innovation Just Dropped
- Biden Documents Scandal Includes 1850 Boxes, Enough To Fill A Tractor Tailer, Plus 415 GB Of Eectronic Records
- The Collapse Of Faith In America
Views: 51