Climate (scam) Groups Worried About Bankruptcy After Trump Admin Cuts Cash Flow

Do you have sympathy? I don’t. When these groups decided that they were going live at the taxpayer teet for their funding, and make lots and lots of cash for producing little, I have no sympathy

Groups frozen out of $20B in EPA cash fear bankruptcy

Eight nonprofits caught in a legal crossfire over $20 billion in Biden-era climate grants are racing toward a funding cliff.

The groups have been shut out of their accounts at Citibank since Feb. 18 because of a still-unexplained freeze imposed amid criticism from President Donald Trump’s administration.

On Tuesday, the standoff enters a new phase — groups will no longer have grant money to make investments or basic needs such as payroll and rent.

It’s the latest fallout from the Trump administration’s effort to claw back tens of billions of dollars from former President Joe Biden’s massive climate and clean energy agenda, including money that agencies had already legally contracted and even placed in bank accounts for recipients to spend. A senior federal prosecutor resigned last week after saying Justice Department officials had pressured her to launch a criminal investigation into the $20 billion in Environmental Protection Agency climate grants, despite a lack of evidence of wrongdoing.

The $20 billion comes from a program, called the Greenhouse Gas Reduction Fund, that was intended to ramp up clean-energy technology finance in low-income communities.

OK, so, here’s the question: what have they succeeded at with the money so far? Anything?

One awardee told E&E News that it won’t be able to make payroll and would begin defaulting on contracts with project partners by March 7. It is trying to raise funds to cover the shortfall.

OK, so, try and get a loan. Reach out to like minded climate Believing companies, charities, and individuals.

The leader of one grant recipient, a coalition of nonprofits called Power Forward Communities, told POLITICO this week that it still intends to deploy its initial $539 million disbursement from the grant, saying he’s “confident” Citibank will honor its funding agreements. Citibank did not respond to requests for comment.

Uh huh. The money comes from the Climate Scam Act Inflation Reduction Act, which was signed by President Brandon in August of 2022. Power Forward Communities was created in October 2023. What expertise do they have? It’s made up of

Enterprise Community Partners: An affordable housing group
Rewiring America: A nonprofit that aims to electrify homes and reduce fossil fuel use
Habitat for Humanity International: A well-known nonprofit
Local Initiatives Support Corporation (LISC): A nonprofit that specializes in financing projects in areas that struggle to attract private-sector investment
United Way Worldwide: A well-known nonprofit

So, what is the purpose of the over-arching group? Where is the money going? BTW, this is the group that moonbat lefty Stacey Abrams and $2 billion was linked to. Seems more like a shell company, like so many others, where money comes in, they take a cut, it gets spread around to the other companies, who take their cut, then contract out, and they take their cut. And there are a shitton of partners to spread the money around too. So far, everything is about “will be making investments”, nothing about “have made” or “have done”.

The other groups are not named. And the Politico article makes zero reference to what any of these groups have actually done. That should be the primary focus: what have they done so far. How many were created simply to glom onto the slush fund from the IRA.

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