Top Republican presses Biden admin over apparent manipulation of energy company's stock

📆 6/6/2023 8:55 AM
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Senate Energy and Natural Resources Committee Ranking Member John Barrasso, R-Wyo., is pressing the Biden administration over the market impacts of its grant decisions.

U.S. Department of Energy Secretary Jennifer Granholm claimed that Americans can "learn from what China is doing" in combating climate change.

"It is inappropriate if not unethical that the federal government has played such an outsized role in a single company’s stock price," he wrote."The case of Microvast exemplifies the fact that the Department, fueled by Infrastructure Investment and Jobs Act and Inflation Reduction Act funds, has created massive fluctuations in financial markets caused by government misinformation.

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