$27 Billion in Environmental Grants: Where Did the Money Go?

The Biden administration allocated $27 billion in environmental grants through the Greenhouse Gas Reduction Fund, established by the 2022 Inflation Reduction Act. Of this, $20 billion was directed to eight nonprofits, which had limited experience handling such large sums. The funds were split into three parts: the National Clean Investment Fund (NCIF) and the Clean Communities Investment Accelerator (CCIA) received $20 billion, while the remaining $7 billion went to Solar For All. The EPA moved the $20 billion to Citibank, away from Treasury oversight, in a novel arrangement labeled as “non-exchange.” This allowed the funds to be disbursed in lump sums rather than over time. The EPA set a deadline of September 30, 2024, to distribute all funds. The Coalition for Green Capital received $5.1 billion, and the Climate United Fund was awarded the largest grant of $7 billion, spending $311 million on three projects, including $250 million for electric trucks. New nonprofits with political connections, like Power Forward Communities with $100 in assets, received significant grants. The EPA’s inspector general described the system as “fantastically complex,” akin to an investment bank.

Source: www.realclearinvestigations.com

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Paul Kikos @PKikos · Mar 7
$20 billion of US taxpayer dollars went to ‘GREEN SLUSH FUND,’ not the environment “[The money] going to people who are in the Obama and Biden administrations. It’s going to donors. It’s not going directly to remediate that environmental issue to deliver clean air, land, and

ℂ𝕙𝕖 𝔾𝕦𝕖𝕧𝕒𝕣𝕒 ★ @cheguwera · Mar 7
$20 billion of US taxpayer dollars went to ‘GREEN SLUSH FUND,’ not the environment “[The money] going to people who are in the Obama and Biden administrations. It’s going to donors. It’s not going directly to remediate that environmental issue to deliver clean air, land, and

CEO Watchlist @CeoWatchlist · 2h
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.

Lewant2 @Lewant222 · Mar 8
Biden administration, through the EPA, allocated over $20 billion to environmental groups in late 2024 and early 2025, months before his term ended on January 20, 2025. Funding came from the $27 billion Greenhouse Gas Reduction Fund (GGRF), part of the 2022 Inflation

Mattie Davis @1931Mattie1956 · 15h
Lee Zeldin found that $20 billion in Greenhouse Gas Reduction Fund grants earmarked for climate and environmental justice groups had been deposited with Citibank… (https://washingtontimes.com/topics/citibank/…) Other green banks pocketing EPA (https://washingtontimes.com/topics/environmental-protection-agency/…) money included United Climate

Sputnik @SputnikInt · Mar 7
$20 BILLION OF US TAXPAYER DOLLARS WENT TO ‘GREEN SLUSH FUND,’ NOT THE ENVIRONMENT “[The money] going to people who are in the Obama and Biden administrations. It’s going to donors,” the US Environmental Protection Agency administrator Lee Zeldin said.