EPA terminates Biden-era climate grants worth $20 billion
A sign on the headquarters of the Environmental Protection Agency is photographed Wednesday in Washington. Credit: AP/Mark Schiefelbein
The Environmental Protection Agency has terminated grant agreements worth $20 billion issued by the Biden administration under a so-called green bank to finance clean energy and climate-friendly projects.
The action comes weeks after the EPA froze the grants, which EPA Administrator Lee Zeldin has characterized as a “gold bar” scheme marred by conflicts of interest and potential fraud.
“Twenty billion of your tax dollars were parked at an outside financial institution, in a deliberate effort to limit government oversight — doling out your money through just eight pass-through, politically connected, unqualified and in some cases brand-new" nonprofit organizations, Zeldin said in a video shared Tuesday night.
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