Biden Admin Energy Secretary Admits To False Testimony Under Oath About Stock Ownership
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Energy Secretary Jennifer Granholm revealed that she held financial stocks as recently as May.
This contradicts her testimony from earlier this year.
Energy Secretary Jennifer Granholm revealed Friday that she has held financial stocks as recently as May, contradicting testimony she gave to a Senate committee earlier this year.
In a letter shared with E&E News and sent to the committee, she also revealed her spouse held a previously undisclosed investment in Ford Motor Co., an automotive brand that falls squarely in her jurisdiction.
Granholm told the Energy and Natural Resources Committee at an April 20 budget hearing that she did not own any individual stocks, saying she was only invested in mutual funds. She also said she would “not object” to congressional legislation that would ban executive department officials from holding stocks.
“I mistakenly told the Committee that I did not own any individual stocks, whereas I should have said that I did not own any conflicting stocks,” Granholm wrote in her letter.
She didn’t say which companies she owned stocks in but vowed to release that information in her Annual Public Financial Disclosure Report.
Granholm didn’t say in the letter which companies she had owned shares of — and which she divested from on May 18 — but vowed to share that information in her Annual Public Financial Disclosure Report in mid-June.
In addition, Granholm said she discovered on May 13 that her husband Daniel Mulhern owned $2,457.89 worth of shares in Ford Motor Company. Those shares were then sold on May 15, a Monday, when the stock market opened.
Granholm acknowledged she hadn’t disclosed those shares in her two prior Public Financial Disclosure Reports and had mistakenly believed her family’s divestiture of Ford was complete in early 2021. The Ford stock she and her husband held in their retirement accounts had been sold off on March 22, 2021, she said.
“As a public servant, I take very seriously the commitment to hold myself to the highest ethical standards, and I regret the accidental omission of my spouse’s interest in Ford,” Granholm added in the letter. “This is a commitment I made to you, the President, and most importantly the American people.”
