Energy Secretary Jennifer Granholm slapped with ethics complaint over husband's Ford stock

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EXCLUSIVE — Energy SecGranholm is facing an ethics complaint over 'conflict of interest' concerns from a watchdog group related to her husband's prior stock holdings in an auto manufacturer.

EXCLUSIVE — Energy Secretary Jennifer Granholm is facing an ethics complaint over"conflict of interest" concerns from a watchdog group related to her husband's prior stock holdings in an auto manufacturer.

In her mid-June letter to the committee, Granholm alleged she did not report the Ford shares on financial disclosures due to only becoming aware of their existence on May 13. The shares, which were sold on May 15, were valued at over $2,400, the letter said. The secretary also had described to the committee how she"mistakenly" testified in April that she"did not own any individual stocks," though she meant to say she"did not own any conflicting stocks.

Ford also was awarded almost $25 million in 2021 to"develop and demonstrate five hydrogen fuel cell electric Class-6 Super Duty trucks targeting cost, payload, towing, and refueling times that are equivalent to conventional gasoline trucks," according to the department, which noted in a press release that Granholm and Vice President Kamala Harris announced the projects in New York at the John F. Kennedy International Airport.

Granholm was the Democratic governor of Michigan from 2003 to 2011, a role that saw her working closely with automakers headquartered there, such as Ford. She often prioritized green energy policies in the state and applauded Ford in 2009 after the Obama administration awarded it roughly $6 billion to"retool its plants to produce more fuel-efficient vehicles," Granholm said at the time.

 

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