Biden Boosts Electric Bus Company Tied to Dem Megadonors and Biden Officials

Gage Skidmore Flickr

Joe Biden seems to be enriching his friends and donors right under the American peoples’ noses.

According to The Washington Free Beacon:

Energy secretary Jennifer Granholm is not the only prominent Democrat with financial ties to an electric bus company repeatedly boosted by the Biden administration, documents reviewed by the Washington Free Beacon show.

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Nicholas and Joby Pritzker—members of Illinois Democratic governor J.B. Pritzker’s megadonor family—own nearly 12 million shares of ArcLight through their venture capital fund, Tao Capital. ArcLight in January announced a $1.6 billion merger with Proterra, which will see the electric vehicle manufacturer go public in 2021. Granholm served on Proterra’s board for nearly four years and still holds up to $5 million in company stock.

National Economic Council director Brian Deese is also tied to Proterra through BlackRock, the investment giant where he worked as global head of sustainable investing before joining the Biden administration. BlackRock is one of several investment firms that pumped a combined $415 million into the Proterra merger, and Deese reported holding more than $2.4 million in BlackRock vested restricted stock in his February financial disclosure. These investors are posed for steep gains, as ArcLight’s stock price has surged 50 percent—from $11.90 to $18 per share—since January.

The revelations come as congressional Republicans demand investigations into potential conflicts of interest between the Biden administration and Proterra, which could receive billions in taxpayer funds through a proposed infrastructure package. Rep. Ralph Norman (R., S.C.), who serves as ranking member on the environment subcommittee of the House Committee on Oversight and Reform, told the Free Beacon that “the American people deserve to understand the full extent of Secretary Granholm’s involvement with Proterra.”

It is unclear if any ethics violations have occurred, so far.

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Thomas
1 month ago

The Buffoon and his regime, party all benefit when he touts a diner, friend or appoints his pervert son to a Chines or Ukraine oil co.

Donald
Donald
1 month ago

All elected officials need to be prohibited from investing in the any and all companies that have received direct support from legislative action. They should immediately divest themselves of any stock or ownership that they already possess. Any blind trust that an elected official has must divest also.

DON
DON
1 month ago
Reply to  Donald

The six counties around DC are the richest in America—the people in this country are been used as fools—they do not manufacture anything except investigations and lying to American people, lobbying by big corp. to get what they want. I WOULD SAY 90 % OF LAW MAKERSARE ON THE TAKE. Start saying impeach Biden like they did Trump. Biden is in bed with China

Jamey
Jamey
1 month ago

Actually, this is NOT something that Americans were not aware of. Joe Biden is as corrupt as he ever was – and that’s saying a lot! In addition, he represents the most corrupt and evil political party in American history – the modern Democrat Party. Joe Biden AND the Democrat Party are simply “no damn good”. Americans, wake up! Your country is being stolen from you – just like the last presidential election was stolen – and socialism is being put in place of a free capitalist economy. This will result in the slow destruction of the United States, just as socialism has destroyed every other country it has ever been tried in. Americans, DO SOMETHING!!!

Lonzo Lassiter
Lonzo Lassiter
1 month ago
Reply to  Jamey

Hell Yes! You are correct, the damn Demoncrats are willing to violate any law and every provision of our Constitution just to stay in power, may they all rot in Hell!

DON
DON
1 month ago
Reply to  Lonzo Lassiter

Start saying or writing IMPEACH BIDEN every chance you get just like they did Trump. He is colluding with CHINA

typicalwhiteguy
typicalwhiteguy
1 month ago
Reply to  Jamey

He’s the “Big Guy”; 10% cut.

Shelley
Shelley
1 month ago
Reply to  Jamey

Except it won’t be the slow destruction – they are fast tracking it! Remember Venezuela? That is coming to us. They want to destroy this country. They are flooding the US with anti-American invaders, they WANT the violence on the streets, and are trying to collapse the economy. Then stupid people will beg for the government to “help” out – and that will be the end. WAKE UP PEOPLE!

Docbec
Docbec
1 month ago

Hysterical. That Republicans pretend to care one wit about conflict of interest after the past four years with an actual criminal buffoon and the corrupt cronies he populated every cabinet office with is stunningly brain dead. Moscow Mitch was at least honest when saying his only agenda is blocking everything Biden’s admin wants to do for the American public. This writer is just pretending to care about ethics.

Randy
1 month ago

If it walks like a duck, looks like a duck and quacks like a duck, it IS a duck!

Dan Winright
Dan Winright
1 month ago
Reply to  Randy

Could be a dumbocrap looking for a handout

james bolton
james bolton
1 month ago
Reply to  Randy

If it walks like a globalist puppet, looks like a globalist puppet and quacks like a globalist puppet, it IS a globalist puppet .

Dan Winright
Dan Winright
1 month ago

#8646

JohnS
JohnS
1 month ago

Trump did more for the country while Obama did more (damage) to the country.

DON
DON
1 month ago
Reply to  JohnS

People on the right must start speaking up ” IMPEACH BIDEN NOW” he is destroying this country

typicalwhiteguy
typicalwhiteguy
1 month ago

The demented old crook, China Joe is probably getting his 10% “Big Guy” cut for his part. That’s the Biden Organized Crime Family MO.

rusell Remmert
rusell Remmert
1 month ago

this criminal party needs to be shut down/ this needs to be stopped / biden and his regime need to be charged with treason

Nine Island Girl
Nine Island Girl
1 month ago
Reply to  rusell Remmert

I agree. But how?

james bolton
james bolton
1 month ago
Reply to  rusell Remmert

globalists and globalist puppet $oro$ and globalist puppet barry soetoro and his husband big MIKE appointed all the correct criminals to the correct positions to protect all their criminals .

DON
DON
1 month ago
Reply to  rusell Remmert

IMPEACH BIDEN wite it say it every chance you get just like the did Ttrump—Biden is colluding with China every day. Bumper stickers etc

Scott Myers
Scott Myers
1 month ago

Biden makes Richard Nixon look like Charlie Brown on bad.

Zeke
Zeke
1 month ago

Just a matter of time, when Biden and his posse will be gone! Gitmo is going to be very crowded by the end of the year! Civil War is coming!

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