BIDEN EPA STASHED BILLIONS IN OFF-SHORT ACCOUNTS

By bob Walsh

 

 

 

The NEW management at the EPA announced today that the Biden EPA had stashed about $20 billion in off-short accounts so that it could be distributed without the customary (minimal) oversight.

Somebody should go to prison for that.  With luck Pam Bondi thinks the same way.

 

EDITOR'S NOTE: The correct report follows.

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Lee Zeldin demands return of $20B ‘parked’ at a financial institution by ‘Biden EPA’ to dole out to climate groups 

 

 

By Victor Nava 

 

New York Post

Feb 12, 2025

 

 

Zeldin described the Biden administration’s action as the “first of its kind” at the EPA. 

 

 

EPA Administrator Lee Zeldin announced Wednesday that he’s found $20 billion in taxpayer money that the Biden administration “parked” at a financial institution — in an apparent effort to prevent the Trump administration from cutting grants to “far-left activist groups.” 

Zeldin, 45, explained in a video posted on X that the Biden administration’s obfuscation was unprecedented and he demanded that the unnamed financial institution immediately return the funds to the EPA. 

“Shockingly, roughly 20 billion of your tax dollars were parked at an outside financial institution by the Biden EPA,” Zeldin said. “This scheme was the first of its kind in EPA history, and it was purposefully designed to obligate all of the money in a rush job with reduced oversight.”

The $20 billion appears to be money that was appropriated to the EPA under the Inflation Reduction Act, which boosted government spending on environmental projects.  

The EPA administrator and former New York Republican congressman said the massive pot of money was “awarded to just eight entities that were then responsible for doling out” the funds to non-governmental organizations “at their discretion.” 

One of the eight entities, Climate United Fund, received just under $7 billion from the Biden EPA to dole out, according to Zeldin. 

Climate United Fund describes itself as a “national coalition of experienced non-profit financial institutions investing in solutions that tackle our nation’s toughest economic and environmental challenges.” 

The group says it provides “affordable, accessible financing for clean energy projects in communities that are often overlooked by traditional investing.” 

Zeldin expressed concern with how Climate United and the seven other entities will decide to allocate the funds and over whether any former Biden administration EPA staffers will benefit from the “rush job.” 

“Let me make one thing abundantly clear: At this point, there is zero reason to suspect any wrongdoing by the bank,” Zeldin said, before making it known that he wants the money back. 

“The financial agent agreement with the bank needs to be instantly terminated, and the bank must immediately return all of the gold bars that the Biden administration tossed off the Titanic,” he argued, referring to shocking post-election video which showed a Biden administration EPA official telling an undercover Project Veritas reporter that the agency was “tossing gold bars off the Titanic” before President Trump assumed office. 

“EPA needs to re-assume responsibility for all of these funds,” Zeldin continued.

The EPA administrator noted that he plans to refer the matter to the agency’s inspector general and “will work with the Justice Department as well.”  

“The days of irresponsibly shoveling boatloads of cash to far-left activist groups in the name of environmental justice and climate equity are over,” Zeldin declared. “The American public deserves a more transparent and accountable government than what transpired these past four years.”