Skip to main content
Tags: biden | energy | companies | taxpayer | granholm

Biden's Energy Nominee Doled Out Millions to Companies That Went Bankrupt

jennifer granholm speaks at hearing
Nominee for Secretary of Energy Jennifer Granholm testifies at her confirmation hearing before the Senate Committee on Energy and Natural Resources on Capitol Hill January 27, 2021 in Washington, D.C. (Graeme Jennings-Pool/Getty Images)

By    |   Wednesday, 27 January 2021 02:54 PM EST

Jennifer Granholm, President Joe Biden’s energy secretary nominee, doled out millions of dollars in taxpayer funds to alternative energy companies that eventually went bankrupt during her tenure as Michigan governor, reports The Daily Caller. If confirmed by the Senate, she would be charged with bringing Biden’s goal of building 550,000 electric vehicle charging stations and replacing the federal government’s fleet of vehicles with electric vehicles.

A company given a $9.1 million refundable tax credit by the Michigan Economic Growth Authority was headed by Richard Short, a man on parole for embezzlement. Short was sent back to prison after appearing on stage with Granholm in 2010.

The MEGA program also granted $10 million to A123 Systems in 2009. The electric car battery manufacturer filed for bankruptcy in 2012. The company is still in operation today.

Azure Dynamics, another manufacturer of electric vehicle components that received taxpayer-funded assistance from the same program, filed for bankruptcy in 2012 and laid off 120 employees.

“If her track record in Michigan was an audition for the Department of Energy, she certainly failed,” American Energy Alliance President Thomas Pyle told the Daily Caller News Foundation.

“She had a history of not doing due diligence, throwing money to try to force technological changes that weren’t ready for the marketplace,” Pyle said. “She basically saddled Michigan taxpayers with millions of dollars in a sort of transfer to startups and most of them were failures. Why would you put someone in charge of the pursestrings at the Department of Energy who has a track record like that?”

Solange Reyner

Solange Reyner is a writer and editor for Newsmax. She has more than 15 years in the journalism industry reporting and covering news, sports and politics.

© 2024 Newsmax. All rights reserved.


Politics
Jennifer Granholm, President Joe Biden's energy secretary nominee, doled out millions of dollars in taxpayer funds to alternative energy companies that eventually went bankrupt during her tenure as Michigan governor...
biden, energy, companies, taxpayer, granholm
259
2021-54-27
Wednesday, 27 January 2021 02:54 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved