Energy Secretary Jennifer Granholm has admitted to owning individual stocks, which is in contradiction to her previous testimony. This scandal has raised concerns regarding ethical standards and transparency in the Biden administration. In a letter to the Senate Energy and Natural Resources Committee, Granholm clarified that she should have stated she did not own any conflicting stocks. Furthermore, she divested her remaining stock holdings, consisting of shares in six companies. She also revealed that her husband owned $2,457.89 worth of shares in Ford, a fact she claimed to be unaware of until recently. These shares were promptly sold off. This scandal reinforces the need for stricter regulations to prevent officials from exploiting their positions for personal financial gain.
