Biden-Backed Green Group Sent $651M to Credit Unions—EPA Denies Oversight [Correction]

Biden-Backed Green Group Sent $651M to Credit Unions—EPA Denies Oversight [Correction]

Correction: This article mistakenly originally mentioned Coalition for Green Capital. It has been corrected.

A Biden administration-backed green energy group, Inclusiv, funneled $651 million in taxpayer funds into credit union accounts, and now the Environmental Protection Agency (EPA) insists it has no oversight of how the money is being used. This revelation comes as the Department of Government Efficiency (DOGE) continues to scrutinize government spending.

The Free Beacon has more:

In mid-February, the New York-based eco group Inclusiv—which received $1.9 billion last year as part of the EPA’s $27 billion Greenhouse Gas Reduction Fund program—transferred $651 million to 108 credit unions across 27 states and Puerto Rico. The group said the credit unions would use the funding to offer financing for green energy projects such as solar installations and electric vehicle chargers within their jurisdictions.

Inclusiv initiated the transfer on the same day that EPA administrator Lee Zeldin discovered that the Biden administration had parked $20 billion in Greenhouse Gas Reduction Fund funding in accounts at an outside financial institution, limiting federal control and oversight of the money. In collaboration with the Department of Justice, Zeldin ultimately froze the accounts, but not before Inclusiv completed its transaction.

Despite the staggering amount of taxpayer money involved, the EPA now claims it has no authority to oversee the funds after they are transferred.

The passthrough structure of these grants is a significant deviation from how EPA regularly conducts oversight of grantees,” EPA spokeswoman Molly Vaseliou told the Free Beacon. “EPA has no visibility nor role into understanding how these taxpayer dollars are being spent on the ground.”

This is yet another example of taxpayer dollars being funneled away with little transparency instead of being used for legitimate public benefit.

However, the story doesn’t end there.

After Zeldin’s team located that $20 billion in program funding at an outside financial institution, the Free Beacon reported that the Biden EPA had awarded $2 billion of that sum to a brand new environmental group linked to Georgia Democratic politician Stacey Abrams and another $5 billion to a senior Biden EPA official’s most recent employer.

At best, this raises serious ethical concerns. At worst, it suggests outright kickbacks to Biden’s inner circle—a coordinated effort to funnel taxpayer money to politically connected organizations before the administration leaves office.

With growing scrutiny on government spending from DOGE, the EPA’s inability to track taxpayer dollars once they leave federal hands will only add fuel to the fire. The Greenhouse Gas Reduction Fund is looking more and more like a slush fund for Democratic allies, disguised as environmental policy.

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