Trump Administration Moves to Reclaim $20 Billion from EPA’s Green Bank Program
The Trump administration is working to recover approximately $20 billion in taxpayer funds allocated to a Biden-era environmental program known as the Greenhouse Gas Reduction Fund.
The money, intended to support solar energy, heat pumps, and EV infrastructure in underserved communities, was reportedly placed in a private financial institution to safeguard it from future policy changes.
EPA Administrator Lee Zeldin recently announced efforts to review how these funds were managed, citing concerns over financial oversight.
He referenced a controversial video in which a former Biden administration official allegedly described rushing to distribute billions before Inauguration Day, likening it to “tossing gold bars off the Titanic.”
According to Zeldin, a significant portion of the funds—nearly $7 billion—was granted to a single entity, the Climate United Fund, with little transparency.
He has since called for a full audit and pledged to work with the Inspector General’s office and the Department of Justice to ensure accountability.
Emphasizing a commitment to restoring public trust, Zeldin stated that the EPA would take back control of these funds, reinforcing the administration’s stance on financial responsibility.
As part of a broader effort to reshape environmental policy, the Trump administration has vowed to implement stricter oversight measures moving forward.
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