EPA terminates Biden-era climate grants worth $20 billion

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.

The action comes weeks after the EPA froze the grants, which EPA Administrator Lee Zeldin has characterized as a “gold bar” scheme marred by conflicts of interest and potential fraud.

“Twenty billion of your 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” nonprofit organizations, Zeldin said in a video shared Tuesday night.

Read more here