• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

EPA terminates Biden admin’s green grants worth $20B, Zeldin says

by March 12, 2025
written by March 12, 2025

The Environmental Protection Agency is terminating $20 billion in grants awarded by the Biden administration for climate and clean-energy projects, Administrator Lee Zeldin announced Tuesday.

In a video posted to X, Zeldin said $20 billion in U.S. 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 NGOs.’

The money has since been frozen, he said, noting that the Department of Justice and FBI are investigating.

The program, approved by Congress under the 2022 Inflation Reduction Act, was formerly known as the Greenhouse Gas Reduction Fund but is more commonly referred to as the green bank. Two initiatives, worth $14 billion and $6 billion, respectively, aimed to offer grants to nonprofits, community development banks and other groups for projects focusing on disadvantaged communities.

The eight nonprofits that were awarded the money included the Coalition for Green Capital, Climate United Fund, Power Forward Communities, Opportunity Finance Network, Inclusiv and the Justice Climate Fund. These organizations have partnered with various groups, including Rewiring America, Habitat for Humanity and the Community Preservation Corporation.

The EPA ‘just notified 8 recipients of $20 BILLION in Biden EPA ‘gold bars’ that their grants have been TERMINATED!’ Zeldin wrote on X.

In his video, Zeldin cited reports that Power Forward Communities, a group linked to Democrat Stacey Abrams, received $2 billion after reporting just $100 in total revenue the year before.

He also said the founding director of the EPA’s program allocated $5 billion to his former employer after working on the legislation that created the program from his role in the White House.

‘These two examples have only been the tip of the iceberg,’ Zeldin said. ‘I’m here to report back to the American people that, as of today, I have officially terminated these grant agreements entirely. Not only does the EPA have full authority to take this action, but frankly, we were left with no other option.’

‘This termination is based on substantial concerns regarding program integrity, objections to the award process, programmatic fraud, waste and abuse and misalignment with the agency’s priorities, which collectively undermine the fundamental goals and statutory objectives of the awards,’ he continued.

Zeldin said the ‘only way’ to reduce waste, increase oversight and meet the intent of the law as it was written is by terminating the grants. He said it is his ‘unwavering commitment’ to President Donald Trump, Congress and the American people.

‘The EPA will once again be an exceptional steward of your tax dollars. I will have it no other way,’ Zeldin said.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Rosie O’Donnell flees US after Trump win, won’t return until it’s ’safe for all citizens to have equal rights’
next post
NASA spent $13M on DEI under Biden while critical mission, quality controls flailed, watchdog group says

related articles

Democrats under fire as food stamp funds run...

October 23, 2025

Essential workers left unpaid after Senate Democrats kill...

October 23, 2025

Curtis Sliwa vows to be Zohran Mamdani’s ‘worst...

October 23, 2025

Vance visits church where Christians believe Jesus was...

October 23, 2025

New poll in key showdown for Virginia governor...

October 23, 2025

Americans could face airport chaos if Dems don’t...

October 23, 2025

Inside Trump’s ultimatum that forced Netanyahu to the...

October 23, 2025

Vance rebukes Israel on ‘very stupid’ vote to...

October 23, 2025

Top Republican slams Katherine Clark for admitting suffering...

October 23, 2025

Vance calls Psaki comments about wife Usha ‘disgraceful’

October 23, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • DAVID MARCUS: Camping out with Democrat dimwits

    February 6, 2025
  • Senate Republicans plan hearing on Biden’s alleged cognitive decline cover-up

    May 29, 2025
  • London Stock Exchange sees the highest outflow of companies since the global financial crisis

    January 6, 2025
  • Short TXN: Texas Instruments Faces Rejection at $205, Short-Term Retest of $200 Expected

    July 18, 2024
  • Trump shoots down rumors he will seek 3rd term: ‘Not something I’m looking to do’

    May 4, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,509)
  • Investing (634)
  • Stock (941)

Latest Posts

  • 2024 showdown: New polls this weekend in three key battlegrounds in Harris-Trump White House race

    August 11, 2024
  • US probes China’s growing influence in legacy chips

    December 17, 2024
  • Head of UN watchdog says UNRWA hired people ‘who were supporting terrorism’

    February 14, 2025

Recent Posts

  • Google CEO Pichai struggled to navigate a pressure-filled year

    December 30, 2024
  • Apple Watch getting redesigned blood oxygen feature following legal dispute

    August 15, 2025
  • Trump accuses ‘scam artist’ Schiff of lying about Maryland home to commit mortgage fraud

    July 15, 2025

Editor’s Pick

  • Schumer says century-old law forces Trump DOJ, FBI to release Jeffrey Epstein files by August deadline

    July 30, 2025
  • Top 5 moments from Rubio’s Senate confirmation hearing: ‘I get bilingual protesters’

    January 16, 2025
  • JD Vance’s wife, Usha Vance, set to become first Indian American second lady

    November 7, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock