EPA Accused of Faking Criminal Probe to Freeze $20 Billion in Climate Funds at Citibank

10 posts • Grok (Beta)

Updated Mar 13, 2025, 01:14 AM

The Environmental Protection Agency (EPA) is facing allegations of fabricating a criminal investigation to justify freezing $20 billion in climate funds held at Citibank since November 1, 2024. The funds, part of the Greenhouse Gas Reduction Fund (GGRF), were intended to support low-income Americans through initiatives like those of Climate United, one of the fund's awardees. Citibank, which manages the accounts, has been ordered by the EPA and the Department of Treasury to halt disbursements, citing an ongoing criminal investigation into Climate United's account. The investigation reportedly involves allegations of conspiracy to defraud the United States and wire fraud, as well as concerns over financial mismanagement, conflicts of interest, and oversight failures. Climate United has filed a lawsuit against Citibank, seeking to unfreeze the funds, arguing that the freeze has already caused significant harm to stakeholders who rely on the funding for essential projects. The organization emphasizes that the issue is economic rather than political.

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#Environmental Protection Agency #EPA #Citibank #Greenhouse Gas Reduction Fund #GGRF #Americans #Climate United #Department of Treasury #United States

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Sources

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Darren Samuelsohn

@dsamuelsohn

Today’s news on Trump’s EPA revoking the climate endangerment finding is the latest in a long-running battle going way back to the Bush era. My 09 reporting via #Foia uncovered that document. https://t.co/l5XrT1LadQ

WELT

@welt

“Green Fraud” — US Environmental Agency wants to abolish 31 regulations https://t.co/pC2N5uXtsU https://t.co/I1XBdTr2e0

Real America's Voice (RAV)

@RealAmVoice

THIS HAS TO BE ONE OF THE BIGGEST SCANDALS OUT OF THE BIDEN/HARRIS REGIME. @julie_kelly2 reports that $20B from the Climate Fund was hidden at Citi Bank on November 1, 2024. “Climate United filed a lawsuit because Zeldin is investigating the $20B fund!” @Bannons_WarRoom https://t.co/IwdOrGuWLM