EPA Investigates $20 Billion Green Energy Fund Over Oversight Concerns

Administrator Lee Zeldin seeks to reclaim funds distributed under Biden-era program, citing lack of transparency and potential conflicts of interest.

The EPA is reviewing $20 billion allocated through the Greenhouse Gas Reduction Fund, created under the 2022 Inflation Reduction Act, for potential misuse and lack of oversight.
Administrator Lee Zeldin has called for the return of funds parked at Citibank and distributed to eight nonprofit organizations, including Climate United Fund and Coalition for Green Capital.
Concerns include a video of a former EPA official describing the rushed allocation process as 'throwing gold bars off the Titanic' and potential ties between grantees and former EPA employees.
Zeldin plans to terminate the agreement with Citibank, launch a comprehensive audit of fund usage, and involve the Inspector General and Justice Department for further investigation.
The EPA has already canceled a $50 million environmental justice grant to the Climate Justice Alliance, citing past controversies and criticism from lawmakers.