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

SCOOP: Biden-era grant program described as ‘gold bar’ scheme by Trump EPA administrator under scrutiny

by April 11, 2025
written by April 11, 2025

Republicans in Congress are launching a probe into a Biden-era green energy grant program that sent billions in funding to climate groups tied to Democrats and former President Joe Biden’s allies.

GOP leaders on the House Energy and Commerce Committee sent letters to the eight nonprofits awarded grants from the $20 billion Greenhouse Gas Reduction Fund (GGRF), seeking answers to ensure the Biden Environmental Protection Agency (EPA) followed proper ethics and conflict of interest protocols in distributing the funds.

In February, the Trump administration’s EPA announced it would take steps to get the money back, citing concerns over a lack of oversight related to how the money was being disbursed. In the announcement, new EPA administrator Lee Zeldin cited comments from a former Biden EPA political appointee, who described disbursements made through GGRF as akin to ‘tossing gold bars off the Titanic,’ because Biden officials were allegedly trying to get money out the door before Trump took over. 

It was also revealed that $2 billion from GGRF went to a Stacy Abrams-linked group, Power Forward Communities, which had not been established until after the Biden administration announced the GGRF application process. Meanwhile, during Power Forward’s first few months of operations — prior to receiving the funding — the group reported just $100 in revenue.

Climate United, another group that received the most money from the GGRF, roughly $7 billion, currently staffs a former Biden climate advisor who worked during the last two years of the former president’s term. The same group is also run by a CEO with ties to the Obama administration and a board member who was among those invited to Biden’s signing ceremony for his multitrillion-dollar infrastructure bill in 2021.  

Several GGRF grant recipients have ties to Democrats and Biden advisors, and some were reportedly founded shortly before or after the Biden administration announced the program. Meanwhile, these groups, according to Zeldin, had sole discretion on how to use the funds.

House Energy and Commerce Chairman Brett Guthrie, R-Ky., alongside fellow committee members Reps. Gary Palmer of Alabama and Morgan Griffith of Virginia, both Republicans, said in a joint statement that their investigation into the GGRF recipients will be ‘key’ to understanding whether these funds were allocated ‘fairly and impartially to qualified applicants,’ while also helping to determine the manner in which the money has been used. 

‘The Committee has had concerns about the Greenhouse Gas Reduction Fund program since its creation—including concerns about the program’s unusual structure, a potential lack of due diligence in selecting award recipients, and the recipients’ ability to manage the large influx of federal dollars they received from the EPA,’ the lawmakers said in their statement. 

‘A recent Oversight and Investigations Subcommittee hearing that examined these concerns coupled with the speed with which money was pushed out the door by the Biden Administration’s EPA heightened the Committee’s concerns and raised additional questions about certain Greenhouse Gas Reduction Fund recipients.’

Several of the groups that were recipients of GGRF money sued the Trump administration in March over its attempts to rake back the funds. 

Subsequently, Obama-appointed Judge Tanya Chutkan issued a temporary restraining order preventing the EPA from freezing $14 billion in GGRF funds awarded to three of the climate groups.

The Associate Press contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Top gainers & losers today: Nifty, Sensex jump 2%, metals in the spotlight
next post
Biden’s team hid the truth about his health all along: WH press sec

related articles

Why a credit freeze isn’t the end of...

February 21, 2026

Trump torches ‘stupid’ AOC’s Munich showing, tees up...

February 21, 2026

DAVID MARCUS: To burnish Trump’s legacy, we need...

February 21, 2026

BROADCAST BIAS: Idea of giving politicians equal time...

February 21, 2026

Israelis keep suitcases packed and ready as Trump...

February 21, 2026

EPA scraps Biden coal restrictions, and advocates say...

February 21, 2026

CIA retracts, revises 19 past intelligence assessments deemed...

February 21, 2026

Trump signs off on 10% global tariff, criticizes...

February 21, 2026

EPA scraps Biden coal restrictions as advocates say...

February 21, 2026

RFK Jr defends Trump move to protect pesticide...

February 20, 2026
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

  • SCOOP: House Republicans link Mayor-elect Mamdani to vulnerable congressional Democrats

    November 5, 2025
  • What America’s most powerful warship brings to the Middle East as Iran tensions surge

    February 20, 2026
  • Nvidia to report earnings amid infrastructure spending, DeepSeek concerns

    February 27, 2025
  • Microsoft stock plunges 3.5%: here are 3 big reasons why

    February 6, 2026
  • Republicans torch anti-Trump ‘No Kings’ protests, say Dems fear angering leftists in shutdown fight

    October 18, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,023)
  • Investing (1,019)
  • Stock (979)

Latest Posts

  • Australia calls Meta’s fact-checking decision a threat to democracy

    January 9, 2025
  • Gov Whitmer says America ‘ready for a woman president,’ contrasting Michelle Obama

    January 21, 2026
  • SCOOP: Trump joins launch of Congressional Women’s Caucus at White House

    March 26, 2025

Recent Posts

  • Hamas co-founder snaps after being questioned on Oct 7 aftermath: ‘Go to hell’

    October 11, 2025
  • Trump says ‘we’ll see what happens’ when asked about possibility of striking Venezuela amid rising tensions

    September 15, 2025
  • Long NHI: National Health Investors (NHI) Q3 Earnings, Strong Fundamentals, Investment Growth, and Solid Balance Sheet Signal Bullish Potential

    November 7, 2024

Editor’s Pick

  • Fairways, friendship, and a $6 billion deal: How Finland’s president found a partner in Trump

    October 9, 2025
  • ‘Full-blown battle’ brewing in Dem party as Mamdani-style candidates rise in key races

    November 25, 2025
  • Sierra Space CEO leaves as $5 billion company pushes to launch space plane

    January 7, 2025
  • 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