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Biden Administration's $20 Billion Climate Fund Faces Scrutiny Over Dubious Grants

New investigations reveal billions in taxpayer money were allocated to newly formed and unproven climate organizations under the Inflation Reduction Act.

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Overview

  • At least $20 billion from the EPA's Greenhouse Gas Reduction Fund was distributed to climate nonprofits created just months before receiving the funds.
  • Recipients included Climate United Fund, Justice Climate Fund, and Power Forward Communities Inc., all established in 2023 with minimal financial or operational history.
  • EPA Administrator Lee Zeldin has called for an investigation into the allocation process, citing concerns over the lack of oversight and qualifications of the organizations involved.
  • The Justice Department and FBI have launched investigations, freezing bank accounts tied to the grants as efforts to retrieve the funds are underway.
  • Critics, including charity watchdogs, have questioned the decision to bypass established organizations in favor of newly formed entities with unclear accountability.