Economy /

Granholm's Gas Tactics - A Way to Fuel her Investments?


Key Points

During Granholm’s tenure as governor, Michigan suffered a declining GDP and the highest tax increases in the state’s history.


Jennifer Granholm, formerly the Governor of Michigan, has a new role within the Biden Administration, as Secretary of the US Department of Energy, which you discover more about here. Granholm did not leave behind a positive legacy in the state of Michigan, with unemployment numbers at their highest, and the car industry struggling to survive under her leadership. During her tenure, Michigan suffered a declining GDP and the highest tax increases in the state’s history.

But not to worry, Biden was able to find a job for the long-term politician in his cabinet. Granholm, who finds gas shortages and pipeline closures amusing explain that electric cars are the way forward; tell that to the pipeline worker whose job you just took.

Of course, her cheshire grin at the podium wouldn’t have anything to do with her investments in electric car companies, now would it?

When asked about the pipeline cyberattack this week in light of a push for renewable power, Energy Secretary Jennifer Granholm noted, “If you drive an electric car, this would not be affecting you, clearly.”

As the Biden administration doesn’t seem to be slowing down on its green energy agenda that includes electric vehicles, Granholm has until late August to fully divest up to $5 million in stock options from Proterra, a company that makes electric buses, car batteries and charging stations.

A top Republican senator has asked for an investigation into the secretary’s holdings and whether they present a conflict of interest with her department playing a key role in the Biden administration’s infrastructure plan that calls for $174 billion “to win” the electric vehicle market.

An Energy Department spokesperson said the secretary is working to fully divest from any firm that could give the appearance of a conflict of interest.
Nah, nothing to see here, move along.