The new head of the U.S. Environmental Protection Agency has declared the EPA will pursue the entities that received billions in dollars in the final weeks of the Biden administration’s term to secure continued finance for the energy transition.
Back in December, Project Veritas filmed an EPA official who said that the agency was in a rush to distribute billions of dollars to climate change organizations before Donald Trump took office. “Get the money out as fast as possible before they [Trump Administration] come in … it’s like we’re on the Titanic and we’re throwing gold bars off the edge.” the official said.
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To that, EPA’s new head Lee Zeldin had this to say on X: “My team at the EPA has found the gold bars,” he said. “Shockingly, $20 billion of your tax dollars were parked at an outside financial institution by the Biden EPA. The scheme was the first of its kind in EPA history and it was purposely designed to obligate all of the money in a rush job with reduced oversight.”
“This pot of $20 billion dollars was awarded to just eight entities that were then responsible for doling out your money to NGOs and others at their discretion with far less transparency. Some $7 billion of these dollars were sent to an entity called the Climate United Fund,” the head of the EPA said.
Zeldin went on to say that the Environmental Protection Agency will terminate its contract with the bank charged with overseeing the Biden admin’s climate finance program. Zeldin emphasized there was zero reason to suspect any wrongdoing on the part of the bank but said that “The bank must immediately return all of the gold bars that the Biden administration tossed off the Titanic.”
The EPA will then launch a thorough review of the money streams, referring the matter to the Inspector General’s office, the head of the EPA also said, adding the agency will also enlist the help of the Justice Department.
By Irina Slav for Oilprice.com
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