U.S. Energy Secretary Jennifer Granholm sold her holdings worth $1.6 million in the electric bus company Proterra in May 2021 shortly after President Joe Biden made a virtual visit to the company and long before it declared bankruptcy.
As recently as June 2023, Wyoming GOP Sen. John Barrasso, ranking member of the Senate Committee on Energy and Natural Resources, called on Department of Energy Inspector General Teri Donaldson to investigate Granholm's financial holdings.
Michael Chamberlain, director of Protect The Public's Trust and described by pro-Biden critics as a "Thorn in the side of the Biden Administration," argued the sale of the holdings is an example of the Biden administration's ethics issues.
"The 'Bidenomics' model: Biden promotes a 'green' company linked to his energy secretary, his energy secretary is exposed and cashes out, and then about two years later, the company files for bankruptcy," the GOP tweeted.
Proterra's bankruptcy follows Biden's visit and endorsement, which is drawing comparisons to defunct energy company Solyndra, which Biden promoted as vice president.
Biden visited a Ford plant and test drove the electric Ford F-150 two years ago.
Biden had announced a $535 million loan guarantee to solar energy company Solyndra in 2009 when he was former President Barack Obama's vice president.
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