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Biden-Backed Green Group Wired $651M in Taxpayer Money to Credit Union Accounts. The EPA Says It Now Has No Oversight of the Funds.

 Recent actions by the Environmental Protection Agency (EPA) have raised concerns about the oversight of $651 million in taxpayer funds allocated for green energy projects.

• The New York-based eco group Inclusiv received $1. 9 billion from the EPA's Greenhouse Gas Reduction Fund program and transferred $651 million to 108 credit unions across various states.

• This funding is intended to support green energy initiatives, such as solar panels and electric vehicle chargers.

• EPA Administrator Lee Zeldin found that $20 billion from the program was held in outside accounts, limiting federal oversight.

• The transfer of funds occurred on the same day Zeldin discovered this situation, leading him to freeze the accounts afterward.

• Traditionally, the EPA directly manages grants and selects projects, but this arrangement allowed Inclusiv to solicit applications from credit unions, effectively excluding the EPA from the process.

• Critics, including Travis Fisher from the Cato Institute, described this method as resembling a "money laundering scheme" and raised issues about potential fraud and misuse of taxpayer money.

• The EPA has been criticized for its approach to implementing green energy programs quickly during the Biden administration’s final months.

• Inclusiv plans to use most of the grant money for pass-through funding while keeping a small amount for its operational costs.

The handling of the Greenhouse Gas Reduction Fund and the subsequent distribution of funds by Inclusiv highlight significant concerns regarding transparency and accountability in federal grant management.

https://freebeacon.com/energy/biden-backed-green-group-wired-651m-to-credit-union-accounts-the-epa-now-says-it-has-no-oversight-of-the-taxpayer-funds/

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