DON'T WAIT.

We publish the objective news, period. If you want the facts, then sign up below and join our movement for objective news:

TOP STORIES

Latest News

Senator Hawley Demands Resignation Of Energy Secretary Granholm Over Stock Issues

By Christina Davie
|
April 17, 2024

In a tense Senate hearing, Senator Josh Hawley called for Energy Secretary Jennifer Granholm to resign, citing violations related to her stock holdings and conflicting testimony.

Issues of non-disclosure and potential conflicts of interest were highlighted in a recent Senate committee meeting, leading to Sen. Hawley's call for Secretary Granholm's resignation, as Fox News reports.

During a Senate hearing on the DOE's 2025 budget, Senator Hawley questioned Secretary Granholm's adherence to the STOCK Act regarding her financial transactions. Granholm failed to report $240,000 in stock sales, violating the Act and raising transparency concerns.

Granholm previously testified she owned no individual stock, but later disclosures revealed ownership in six companies worth up to $120,000. Her husband also held shares in Ford Motor Co. valued at $2,457.89, adding to the scrutiny.

Granholm's Stock Disclosures Under Fire

During an April 20, 2023 hearing, Granholm assured Senator Hawley she no longer owned individual stocks. However, the discovery of her continued ownership led to her selling these investments, including her husband's Ford shares, on May 15, 2023.

Hawley criticized Granholm for misleading them, saying, "It is outrageous that you misled us sharply. This has got to change. And, frankly, you should go." Granholm replied, admitting the omission was a mistake and that she sold the stocks upon realizing it.

Granholm defended herself, saying, "Oh, my goodness, I believed I had sold all individual stocks, and I was incorrect," adding that she informed the committee when she realized the mistake.

Widespread Concerns Over DOE Stock Holdings

Last year, The Wall Street Journal reported that several senior DOE officials hold potentially conflicting stocks, sparking broader concerns about financial disclosures and conflicts of interest within the department.

Hawley highlighted these findings, suggesting "institutionalized corruption in the Department of Energy," expressing worries about the influence these holdings might have on policies and operations.

Granholm countered, stating that officials' stocks are in companies where they have no influence, emphasizing the department's robust ethics office overseeing financial transactions.

Debate Over Ethics and Transparency in Government

The heated exchange between Hawley and Granholm highlights ongoing ethics and transparency issues in high-level government roles, especially within significant federal departments.

Granholm assured the committee and the public of efforts to maintain transparency and integrity within the Department of Energy, emphasizing the ethics office's role in reviewing transactions to prevent conflicts of interest.

This incident sparked discussions on stricter enforcement of the STOCK Act and better compliance systems within government departments to monitor and disclose officials' financial interests more effectively.

Conclusion: Need for Greater Oversight and Compliance

Senator Josh Hawley's call for Energy Secretary Jennifer Granholm's resignation is significant in the ongoing discourse around government transparency and accountability.

The revealed STOCK Act violations and non-disclosure of stock ownership by Secretary Granholm during the DOE budget hearing reflect deep-seated concerns about potential conflicts of interest and the sufficiency of existing ethical guidelines within federal agencies.

Granholm's response that the oversight was accidental and her subsequent corrective actions were highlighted, yet did little to quell the concerns raised during the proceedings. The situation brings to the forefront the essential need for stringent oversight and robust ethical standards in government operations.