Federal climate funding amounting to $20 billion is under scrutiny after a controversy involving alleged financial mismanagement linked to Citibank and Project Veritas. The funding, part of the Environmental Protection Agency's Greenhouse Gas Reduction Fund, is intended for clean energy initiatives in underserved communities. EPA Administrator Lee Zeldin criticized the Biden administration's choice of using a private bank for disbursing funds, further complicating the future of over 200 planned climate-related investments, originally secured under the Inflation Reduction Act.
The fate of $20 billion in federal climate funding, intended for clean energy projects in underserved communities, is uncertain due to controversy involving alleged mishandling of funds.
With the EPA's recent announcement about billions labeled as 'gold bars' at Citibank, the future of over 200 planned investments in climate initiatives remains in jeopardy.
#climate-funding #biden-administration #environmental-protection-agency #clean-energy #financial-controversy
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