EPA Terminates $20 Billion in Grants for Climate Projects (1)

The Environmental Protection Agency said it’s terminating $20 billion in grants awarded through a green bank program established under former President Joe Biden’s signature climate law.

The money is part of a $27 billion pool and awarded to community development organizations and other nonprofits, credit unions, housing agencies and solar energy projects. EPA Administrator Lee Zeldin claims that the Greenhouse Gas Reduction Fund is part of a “scheme” administered by the previous administration without proper oversight.

In a statement Tuesday, the agency said it had notified recipients of awards from the fund that their grant agreements for climate-related projects ...