Stocks

Democrat Who Owns Shares Of ‘Green Energy Firms’ Wants To Ban Congress Buying Stocks

Rep. Sharice Davids (D-KS) has astonishingly advocated for a complete ban on members of Congress owning stocks in order to “bring back trust” in the federal government. This is a little confusing given that Davids owns shares of three separate green energy companies that routinely lobby Congress for aid and would certainly profit from Democrats’ obsession with the ‘green new steal deal’.

Her financial investments in FuelCell Energy, Maxeon Solar Technologies, and SunPower Corporation amount to $17,000. All three businesses lobby Congress for green energy tax credits and other rewards, and Davids remains in a clear position to execute policy that affects her financial investments– the Kansas Democrat rests on your home Committee on Transportation and Infrastructure, which has actually benefited from the Biden administration’s green-friendly facilities costs efforts. Davids has actually said she would utilize her position on the committee to check out financial investments in facilities tasks as “an effective way to combat the effects of climate change.”

Davids, who due to redistricting is amongst the most susceptible incumbents in the House, is not the only member to have evident conflicts of interest in “green infrastructure” businesses. Rep. Sean Casten (D., Ill.) owns up to $500,000 in Greenleaf Power, an independently held green energy business, the Washington Free Beacon has reported. Casten, who serves on the House committee to deal with ‘climate change’, has likewise endorsed a restriction on members of Congress owning specific stocks. Greenleaf Power is not openly traded so would not be prohibited under the proposed legislation.

FuelCell Energy, Maxeon Solar Technologies, and SunPower Corporation, the green energy business in Davids’s portfolio, have actually lobbied Congress for taxpayer-funded rewards in the administration’s facilities jobs.

FuelCell Energy has actually lobbied Congress “to restore fuel cell tax credits” and funding for fuel cell research study, according to the business’s lobbying disclosures.

Maxeon, which lobbies Congress on “solar trade issues,” said stated previously this year it might broaden production of photovoltaic panels in the United States depending upon the application of Build Back Better and other climate-related legislation.

Davids deals with a hard re-election quote in November after losing Democrat-leaning parts of her district throughout the current redistricting process. She flipped her seat in 2018, and won by 10 points in 2020. Prepare Political Report ranks the race a toss-up.

Davids’ office did not reply to requests for comment.

H/T  The Washington Free Beacon

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