Posted on 03/15/2025 7:55:08 AM PDT by bitt
When the Biden administration announced $27 billion in environmental grants last April, it set the clock ticking on a predicament: how to get the unprecedented sums for the President's envisioned NetZero future out the door before the fiscal year ended on Sept. 30?
The task was complicated by the fact most of the money – $20 billion – would go to just eight nonprofits that, like the Environmental Protection Agency itself, had never handled such gargantuan grants.
In hindsight, it’s easy to suspect that corners were cut, or laws were broken, or, at the very least, extraordinary measures were taken.
Those possibilities are clearly on the mind of EPA Administrator Lee Zeldin as he tries to unravel what happened to Inflation Reduction Act spending that the Biden White House’s Office of Management and Budget and the EPA decided to expedite before the November election – an effort that included moving the roughly $20 billion to a private institution, Citibank, away from oversight of the Treasury Department.
On Wednesday, Zeldin moved to terminate the arrangements as the enriched nonprofits have filed lawsuits looking to protect their grants. The battle has thrust into the spotlight what had been a rather quiet attempt by the Biden administration to spend the $27 billion.
The money was put into the Greenhouse Gas Reduction Fund, a new entity born in 2022’s Inflation Reduction Act, which Democrats pushed through Congress without any Republican support.
“This bold investment will not only deploy clean energy and combat the climate crisis but also improve health outcomes, lower energy costs, and create high-quality jobs for Americans,” Biden’s EPA declared when seeking applications for the grants, “all while strengthening our country’s economic competitiveness and ensuring energy security.”
(Excerpt) Read more at realclearinvestigations.com ...
P
mark
Later; this sounds complex.
To understand the sheer audacity of this operation, you have to ignore Biden’s ridiculous baffle-gab and just follow the money.
Biden didn’t distribute the $20 billion to states, businesses, or proven energy innovators. Instead, he colluded to funnel tax dollars into the coffers of cronies——into eight spanking new nonprofit organizations.
No congressional hearings. No debate. No scrutiny. The Biden WH simply cued in leftist cronies that billions in public funds were now available. Some of the recipient green groups were just months old.
The checks started flowing. But how did they move the money? The collusion was an outrage.
<><>none of the standard federal disbursement protocols was respected,
<><>the crooked Biden EPA simply offloaded tax dollars
<><>and a publicly traded financial institution....Citibank.....sap-happily cooperated
<><>a banking loophole classified the funds as “non-exchange transactions.”
According to RealClearInvestigations, the Biden EPA’s use of Citibank as a financial intermediary was an intentional maneuver that allowed the administration to classify the funds in a way that minimized government oversight while maximizing the ability to draw down the funds quickly.
BTTT
Regular order budget appropriations stop this sort of thing.
Joe’s handlers(Joe was in a potato state of mind) were desperately handing out sacks of money before the election and inauguration. That should all be clawed back.
Building a new Beltway would be a boondoggle.
According to RealClearInvestigations, the Biden EPA’s use of Citibank as a financial intermediary was an intentional maneuver that allowed the administration to classify the funds in a way that minimized government oversight while maximizing the ability to draw down the funds quickly.
Update: The Trump EPA has terminated these questionable grants, cutting off the pipeline and demanding accountability. But unwinding a $20 billion shadow bank for left-wing causes won’t happen without a fight. The Trump administration is demanding answers.
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who’s the brains behind this fraud?
this makes hildabeast & the clinton foundation look like small taters
makes “air obama” flying pallets of cash over to iran look tiny too
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