Tuesday, June 29, 2021

Biden’s EV goals may be fantasy, but the profits the swamp is making are real

Who cares about middle America when there are profits to be made in the swamp? Mr. Biden's Energy Secretary Jennifer Granholm owned up to $5 million in electric battery and vehicle manufacturer Proterra while she actively promoted the company during official administration events.

In April, Vice President Kamala Harris visited a bus company whose main supplier is Proterra.

A few days after that, Proterra Chief Executive Officer Jack Allen was invited to take part in Mr. Biden's climate summit.

Mrs. Granholm isn't the only Biden administration member with a vested interest in Proterra.

Mr. Biden's climate czar Al Gore's investment firm Generation Investment Management raised $55 million in financing for Proterra in 2017, with Proterra being listed as one the firm's major green-energy investments.

Their firm, Tao Capital Partners, reportedly owns up to 7% of Proterra now that the company has gone public.

It's astounding the Biden administration refuses to distance themselves from Proterra, even after it was made public Mrs. Granholm's and Mr. Kerry's financial ties to the company.

https://www.washingtontimes.com/news/2021/jun/29/bidens-ev-goals-maybe-fantasy-profits-swamp-making/ 

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