According to recent congressional documents, the husband of House Speaker Nancy Pelosi (D-CA) purchased 2,500 shares of Tesla stock while Democrats pushed for increased green energy spending.
Nancy Pelosi’s husband Paul bought the stock last week, and the documents were released on Monday. He paid $500 per share, or $2.18 million at the time of purchase. By the end of the day, Tesla shares had increased to $872 each. The electric automobile and clean energy firm’s stock has surged about 19% since putting up the trade, reaching as high as $1,036 at one point.
The House Speaker, Nancy Pelosi (D-CA), and her husband, who is a multi-millionaire with a venture capital firm in San Francisco, bought millions of dollars in call options after defending the right of Congressmen to trade stocks, according to The Daily Wire. After Business Insider published a story finding that “57 members of Congress and at least 182” well-paid staff filed stock trades late in 2020 and 2021, the lawmaker said in December 2021 that lawmakers should be able to trade stocks.
Pelosi, after pushback from both sides of the aisle, reversed her position on stock trading for members of Congress months later. Pelosi said she would not prevent a ban, noting that we must do something to stop what we view as an issue but is also a confidence issue because “if that’s what the members want to do, then that’s what we will do.”
Pelosi’s team did not respond to a Daily Wire request for comment this week.
As Democrats continue to advocate for increased green energy spending, Nancy Pelosi’s significant purchase of Tesla stock takes place. Twenty-three Democrats urged President Joe Biden last month to promise $555 billion in climate action funding, as part of his Build Back Better initiative. The investment is referred to as “the largest single investment in our clean energy economy in history, across buildings, industry, agriculture, electricity, transportation, and climate-smart practices on water and land ” in a White House document.
Last month, 89 Democrats sent a letter to Biden urging him to make climate change a top priority. The lawmakers stated, “We still have more work ahead of us in living your vision for the next generation.” “The Build Back Better Act, which includes more than $555 billion in climate investments, ‘can serve as the foundation for future negotiations.'”
The Congressional Progressive Caucus, which is made up of 97 Democrats in Congress, published an agenda last week that described the world as being in a “climate emergency.” After President Biden previously halted drilling in February 2021, the legislators called on Biden to impose bans on federal oil and gas leases. Many have linked the increase in gas prices, which is the most expensive in American history, to a variety of energy-related policies, such as the cancellation of the Keystone XL Pipeline.