Energy secretary Jennifer Granholm has finally sold hundreds of thousands of shares to a green energy company that has received support from the Biden administration.
On Wednesday, Granholm confirmed that he had earned about $ 1.6 million in revenue on his shares in Proterra amid a fire because of his financial involvement with an electric vehicle company regularly promoted by the Biden administration. In selling his shares, Granholm managed SEE The payment of tax levied on the capital of the sale was $ 1.6 million because cabinet officials were not taxed on assets they had to sell as a condition of administration participation. The Biden administration is sought to raise the tax capital of America’s richest families.
On May 11, Granholm filed a fraud certificate from the Office of Government Ethics. He confirmed the sale on Wednesday. The former Michigan governor reportedly sold more than 240,000 shares of the electric bus manufacturer to an unnamed buyer. He valued the stake at up to $ 5 million in a January financial disclosure.
The Department of Energy did not return requests for comment.
While Proterra is scheduled to go public in the next few weeks, Granholm’s sale of shares in the previously announced public company may have taken place in a private sale outside the market. the Washington Free Light reports that major donor Democrats invested in the company that made Proterra public, including any member of the megadonor Pritzker family who owned up to 7 percent of the company when it eventually went public. – READ MORE
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