the staff of the Ridgewood blog
Washington DC, in a major policy shift, newly appointed EPA Administrator Lee Zeldin announced plans to rescind $20 billion in federal grants previously awarded under the Biden administration’s “climate” and “clean-energy initiatives”. The decision, revealed in a video posted on X, aims to halt funding for the Greenhouse Gas Reduction Fund, also known as the green bank, a program designed to support thousands of climate-focused projects.
What Is the Green Bank?
Established under the 2022 Inflation Reduction Act, the green bank was set to distribute competitive grants to nonprofits, community development banks, and other organizations—with a strong emphasis on funding projects in disadvantaged communities. The program, which allocated $14 billion and $6 billion across two key initiatives, was seen as a landmark achievement in President Biden’s climate agenda.
Why Is the EPA Revoking These Grants?
Zeldin cited concerns over transparency and accountability, referencing a Project Veritas video that allegedly showed a former EPA staffer discussing how the Biden administration rushed to spend billions before the Trump administration took office.
“The days of irresponsibly shoveling boatloads of cash to far-left activist groups in the name of environmental justice and climate equity are over,” Zeldin declared in his announcement. He vowed to regain control of the funds and ensure stricter oversight of government spending.
Political & Legal Fallout
The move has sparked outrage among clean energy advocates, who argue that the EPA lacks the authority to revoke funding already approved by Congress. Environmental groups, including Evergreen Action, have threatened legal action, calling the decision a “blatant violation of the Constitution.”
“This is not just an attack on clean energy investments — it’s a blatant violation of the Constitution,” said Lena Moffitt, executive director of Evergreen Action.
Meanwhile, Republican lawmakers have long opposed the green bank, labeling it a “slush fund” with little oversight. A House-approved bill to repeal the initiative was previously blocked by the Democratic-controlled Senate.
In a video posted online, Zeldin called out one institution in particular, the Climate United Fund, which received nearly $7 billion, and said he would terminate its contract.
What Happens Next?
The $20 billion in grants had already been awarded to eight nonprofit organizations, including:
- Coalition for Green Capital
- Climate United
- Rewiring America
- Habitat for Humanity
- The Community Preservation Corporation
As legal battles loom, the fate of these funds remains uncertain. Whether the Trump administration’s EPA succeeds in rolling back these investments will likely depend on court rulings and Congressional pushback.
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