Biden called out over warning to Big Oil as energy secretary exercises electric car Stock Options
Energy Secretary Jennifer Granholm reportedly exercised $1.6 million in stock options with an electric vehicle technology firm as she and President Biden urge action on climate change while Americans face $5 per gallon on unleaded 87 octane.
Granholm reportedly sold her holdings in Burlingame, Calif.-based Proterra in 2021, but the UK Daily Mail reported she recently exercised $1.6 million in stock options from the company. The divestment reportedly came in the wake of Republican concerns from last year.
An Energy Department spokesperson told Politico Granholm "acted in full accordance with the comprehensive ethical standards set by the Biden Administration and has completed her divestment well ahead of the time required by her ethics agreement."
On "The Five," host Jeanine Pirro further reported on Granholm's $1.6 million options exercise, saying she and others in the administration are "conning" the American people.
"They don't feel our pain. They're giving us the runaround with a letter to the oil industry and getting a meeting," Pirro said. "Last month, Biden canceled one of the most high-profile oil and gas lease sales pending before the Department of Interior."
Biden called out over warning to Big Oil as energy secretary exercises electric car stock options