May 17, 2024

AndronETalksNews

AndronETalksNews

Granholm contradicts testimony, reveals she did own stocks

E&E news

By Nico Portuondo | 06/09/2023 04:16 PM EDT

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.