Sen Hawley calls on Energy Secretary Granholm to resign in heated exchange over stock trades

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Sen. Josh Hawley, R-Mo., referred to as on Energy Secretary Jennifer Granholm to resign Tuesday following a heated exchange over her previous monetary transactions.

Hawley’s tense back-and-forth with Granholm got here throughout a Senate Energy and Natural Resources Committee listening to held to overview the Department of Energy’s 2025 price range request. The Missouri Republican excoriated the power secretary for violating the STOCK Act and for persevering with to personal shares of particular person corporations final 12 months regardless of testifying that she didn’t personal any particular person stock.

“It is outrageous that you misled us. It is outrageous that you are continuing to mislead us,” Hawley remarked. “This has got to change. And, frankly, you should go.”

Early in her tenure main the Department of Energy, it was revealed that Granholm violated the STOCK Act 9 occasions by failing to disclose $240,000 value of stock gross sales throughout the legally-mandated timeframe.

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Jennifer Granholm

Energy Secretary Jennifer Granholm revealed final 12 months that she owned up to $120,000 value of stock regardless of testifying below oath that she didn’t. (Tom Williams/CQ-Roll Call, Inc through Getty Images)

And, individually, in a June 2023 letter to Energy and Natural Resource Committee management, Granholm mentioned she owned shares of six unnamed particular person corporations value up to $120,000 and that her husband owned $2,457.89 value of shares in Ford Motor Company on the time of her under-oath testimony earlier than the panel months prior. 

During the April 20, 2023, listening to, Granholm instructed Hawley that she was “not owning individual stocks.” After discovering her and her husband’s possession of stock, Granholm offered her husband’s Ford shares on May 15, 2023, and offered her remaining particular person stock holdings days later, in accordance to her letter.

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“You neglected to report it to this committee for months afterwards,” Hawley requested Granholm in the course of the listening to Tuesday. “Why did you mislead this committee?”

“Oh, my goodness,” Granholm responded. “I believed that I had sold all individual stocks and I was incorrect. So, I came back as soon as I found out that, in fact, I had not sold all individual stocks.”

Sen. Josh Hawley speaks from the podium in a Senate hearing.

Sen. Josh Hawley, R-Mo., referred to as for Granholm to resign on Tuesday. (Bill Clark/CQ-Roll Call, Inc through Getty Images)

Hawley then interrupted her, noting that she waited a month earlier than informing the committee of the transactions. 

“I did not hide it because I brought it forth to the committee when I realized that we had made a mistake,” Granholm added.

In addition, the GOP lawmaker additionally blasted Granholm for permitting company workers to personal particular person shares. Last 12 months, The Wall Street Journal reported that a whole bunch of senior DOE officers personal shares associated to the company’s work, a possible conflict-of-interest violation.

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He mentioned that senior DOE officers proudly owning shares reveals the “institutionalized corruption in the Department of Energy.”

Granholm responded, saying officers strictly personal shares in corporations in areas they don’t have any affect over. She additionally mentioned the company has a robust ethics workplace that evaluations related transactions.

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