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Tag Archives: Lee Zeldin

EPA froze ‘green bank’ funds worth billions, climate group suit says

EPA froze ‘green bank’ funds worth billions, climate group suit says

WASHINGTON (AP) — A nonprofit that was awarded nearly $7 billion by the Biden administration to finance clean energy and climate-friendly projects has sued the Environmental Protection Agency, accusing it of improperly freezing its account. Climate United Fund, a coalition of three nonprofit groups, demanded access to a Citibank account it received through the Greenhouse Gas Reduction Fund, a program created by the 2022 Inflation Reduction Act and more commonly known as the green bank. EPA Administrator Lee Zeldin has accused the Biden administration and fund recipients of misconduct and waste. Climate United said those allegations have no merit. Without access to their account, Climate United said it’s hard to issue loans or even pay staff.… Continue Reading

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