FBI, EPA, and Treasury tell Citibank to freeze funds while Trump administration tried to erase climate money


Citibank revealed in court filters on Wednesday that the FBI, the EPA, the EPA Inspector General, and the Treasurt Department had bank accounts and government agencies.

Accounts frozen in February, but the New documents Make public details before previously known, including a perfect list of non -Progu under FBI checking.

Funds are disbursed about $ 27 billion funds in reduced greenhouse gas reduced, created by the inflation option, a law Passed by Congress at 2022. Then, EPA received $ 14 billion for a national clean investment fundthat gives grants to green banks.

Green Banks used funds to provide financing for clean technology projects across the country. Starts with technologies ready to scale commercially qualified to receive financing to perform projects.

The fund is usually used for loans, payable and recycled for future lending. Green Banks tends to have parsal kamut rates in Portfolios and residential portfolios held by other commercial borrowers.

Citibank is selected as financial agent to manage money, holding it into accounts under the names of the awardees. It also manages a separate, $ 6 billion clean investment program in communities that have been refused. The Citibank EPA contract is publicly informed April 2024.

The FBI asked that the Citibank area of ​​30-day administrative freezes accounts held by nonprofit recipients of green bank funds. It also demands the bank to freeze other nonprofits and government agency accounts, including Habitat for Taxate and Financial State People.

Three nonprofits receiving Green Bank funds hired Citibank, asking the bank to release the money in their accounts.

The EPA Administrator Lee Zeldin says the fund to reduce greenhouse gas fuel does not agree with the agency’s priorities and that he does not provide evidence to support that claim.



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