Secretary Jennifer Granholm had been a board member for Proterra, however resigned earlier than being confirmed to move the Division of Power. |
Power Secretary Jennifer Granholm offered her holdings in electrical bus maker Proterra this week, DOE confirmed to POLITICO on Wednesday, following criticism from Republicans that she is likely to be benefiting from the administration’s push for electrical automobiles.
The small print: Granholm cleared all of her Proterra holdings within the gross sales on Monday, offering her with web capital good points of $1.6 million, DOE mentioned. The transfer fulfills the final of her obligations underneath her ethics settlement three months earlier than an August deadline. She had been a board member for the corporate, however resigned earlier than turning into secretary.
Granholm’s holdings within the firm turned a flashpoint for critics after President Joe Biden final month made a digital go to to a Proterra facility as a part of his electrical automobile push. Sen. John Barrasso (R-Wyo.), the highest Republican on the Power and Pure Sources Committee, quickly afterward requested DOE’s inspector common to research whether or not the secretary had any potential conflicts of curiosity, and Rep. Ralph Norman (R-S.C.) additionally pressed her on the matter.