In the course of selling his infrastructure bill, Joe Biden has been promoting an electric battery company called Proterra. He has failed to mention that his energy secretary Jennifer Granholm is a major stakeholder in the company.
This is just the sort of crony-capitalism that Democrats and the media accused Trump of regularly.
Matthew Foldi reports at the Washington Free Beacon:
Biden to Showcase Business Tied to Energy Sec Granholm
Energy Secretary Jennifer Granholm owns up to $5 million in the electric battery and vehicle manufacturer President Joe Biden will promote on Tuesday as part of his push for a $1.9 trillion infrastructure bill.
Biden’s virtual visit to the electric battery producer Proterra comes days after Vice President Kamala Harris paid a visit to Thomas Built Buses, a North Carolina-based school bus company that counts Proterra as its main supplier of electric vehicles. The back-to-back White House visits to Granholm-connected companies risk at least the appearance of impropriety and demonstrate how lawmakers can use policy initiatives to pad their own wallets. Biden’s infrastructure package includes a $174 billion investment in the electric vehicle market, calls for the replacement of “50,000 diesel transit vehicles” in favor of electric alternatives, and creates a Clean Buses for Kids program that will “electrify at least 20 percent of our yellow school bus fleet.”
Granholm has taken a leading role in the administration’s forthcoming infrastructure package. The president in February tasked her with “identifying risks in the supply chain for high-capacity batteries, including electric-vehicle batteries, and policy recommendations to address these risks.”