GOP Rep Raises Alarm After Discovering Who Stands to Benefit from Biden Pushing Electric Bus Company
As Republicans call for an investigation into the Biden administration’s connections to an electric bus company it has repeatedly promoted, a new report hints that the ties may run even deeper than they suspected.
The Washington Free Beacon discovered that, in addition to energy secretary Jennifer Granholm, several prominent Democratic donors and officials have connections to Proterra, the company the administration has boosted.
Granholm sat on Proterra’s board for four years and holds $5 million in the company’s stock, The Beacon reported.
Brian Deese of the National Economic Council is also tied to Proterra through the investment firm BlackRock, where he holds more than $2.4 million in stock.
BlackRock invested in the Proterra and ArcLight merger.
Republican Rep. Ralph Norman of South Carolina, who serves on the House Committee on Oversight and Reform, is calling for an investigation into Granholm in particular.
“Her position of roughly $5 million in the electric car company Proterra is another unfortunate example of politicians using their position for personal gain. … Due to the president’s recent unveiling of a $2 trillion infrastructure package, this matter should be investigated thoroughly,” he added.
So what do these financial connections actually mean?
They mean that high-profile Democrats and members of the Biden administration may be propping up Proterra as part of their climate change agenda in order to line their own pockets. (And if that’s their plan, it’s working: ArcLight’s stock price has jumped 50 percent since January.)
President Joe Biden and Deese both took part in a virtual tour of the Proterra factory last month to promote government investment in electric buses.
The State Department also hosted a climate summit in April which featured Granholm and Proterra CEO Jack Allen.
During the summit, Biden climate advisor Gina McCarthy said “funding for electric school buses is a priority in the American Jobs Plan” and asked Allen how the federal government can play a role in “spurring the demand for zero-emission electric vehicles, including school buses.”
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