 Energy & Environment |
Energy & Environment |
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Zeldin seeks to recoup 'green bank' climate cash |
Environmental Protection Agency (EPA) Administrator Lee Zeldin says he will try to recoup billions of dollars issued by the Biden administration under its "green bank" program. |
Under the program, the Biden administration gave a total of $20 billion to eight institutions that are in charge of doling out the cash to projects aimed at mitigating climate change. The program was funded by the Inflation Reduction Act, which made the money available for institutions that can provide financial assistance to help deploy climate-friendly products. Zeldin's efforts to take the money back mark the latest attempt from the Trump administration to freeze funds for federal programs — despite court rulings calling for the freeze to be lifted. However, Zeldin's effort has one notable distinction from other such attempts by the administration: The money in question appears to have already left the government's hands. "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," Zeldin said in a video posted online. "EPA needs to reassume responsibility for all of these funds. We will review every penny that has gone out the door," he added. Read more at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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The State Department is placing a $400 million contract to build armored electric vehicles (EVs) on hold, a spokesperson told The Hill on Thursday. |
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Twenty-five congressional Democrats wrote to Energy Secretary Chris Wright on Thursday urging against the cancellation of loans already issued through the Energy Department's Loan Program Office (LPO), saying it would be both illegal and a self-inflicted economic wound. |
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Sen. Lisa Murkowski (R-Alaska) introduced legislation on Thursday to rename North America's highest mountain "Denali," after President Trump issued an executive order on his first day in office changing its name to Mount McKinley. |
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Branch out with a different read from The Hill: |
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Chevron plans to lay off up to 20 percent of its workforce, according to a company spokesperson. |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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DOGE plans for NOAA, FEMA could have big climate impacts (Axios) As coal plants close, Colorado towns consider nuclear waste storage (NPR)
Brazil's Lula to meet with agency on state oil company's bid to drill near mouth of Amazon river (Reuters)
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Two key stories on The Hill right now: |
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Office of Personnel Management (OPM) officials met with agency leaders across government Thursday and directed them to begin firing employees still in their probationary period a year or more after being hired. Read more |
| President Trump's ascension to chair of the Kennedy Center on Wednesday led to multiple departures from the Washington, D.C., institution. Read more |
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You're all caught up. See you tomorrow! |
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