/r/Energy: News & Discussion
r/energy
Lengthy article behind the WSJ paywall, but an interesting read.
Hundreds of Energy Department Officials Hold Stocks Related to Agency’s Work Despite Warnings
https://preview.redd.it/7nb8k8nf2sja1.png?width=643&format=png&auto=webp&v=enabled&s=a0dad1cc734b2930f13385444d89d2fdcf25b656Philseok Kim, a director in the Energy Department division that funds research into emerging energy technologies, disclosed owning stocks and trading options in companies that stood to be affected by that research. Ethics officials highlighted seven stocks on his disclosure form in July 2021, including some related to his division’s research efforts.
Mr. Kim reported owning several investments in Tesla Inc., the electric-car maker, at a time when his division was funding research into making longer-lasting and more-efficient batteries. He reported that at the end of 2020 he owned between $18,004 and $95,000 in Tesla call options, which are bets on the stock’s price to rise.
Philseok Kim, a director in the Energy Department division that funds research into emerging energy technologies, disclosed owning stocks and trading options in companies that stood to be affected by that research. Ethics officials highlighted seven stocks on his disclosure form in July 2021, including some related to his division’s research efforts.
Mr. Kim reported owning several investments in Tesla Inc., the electric-car maker, at a time when his division was funding research into making longer-lasting and more-efficient batteries. He reported that at the end of 2020 he owned between $18,004 and $95,000 in Tesla call options, which are bets on the stock’s price to rise.
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