Feb 27, 2025, 12:00 AM
Feb 27, 2025, 12:00 AM

Biden EPA awards $5 billion to organization with Democrat donor executives

Provocative
Highlights
  • The Coalition for Green Capital was awarded $5 billion by the EPA in April 2024 to support green energy initiatives.
  • Top executives at the organization have made hundreds of thousands of dollars in donations to Democratic candidates.
  • Critics claim the funding is a bailout for green investments favoring major Democratic donors.
Story

In April 2024, the Biden administration's Environmental Protection Agency allocated $5 billion in taxpayer funds to the Coalition for Green Capital, a 501(c)(3) nonprofit organization. This funding is part of the administration's Greenhouse Gas Reduction Fund program, which aims at reducing greenhouse gas emissions and promoting green energy initiatives in the United States. A review by the Daily Caller News Foundation found that top executives of the organization, including Reed Hundt and Richard Kauffman, have a history of significant political donations to Democratic candidates and organizations, totaling hundreds of thousands of dollars. Hundt, a former CEO and chairman, donated nearly $60,000 since 2013, while Kauffman, the current CEO, has contributed more than $600,000 since 2020. These donations raised concerns about the organization's political connections, especially as it is a nonprofit that should not engage in political activities according to IRS regulations. Furthermore, the Coalition for Green Capital has received previous funding from various left-leaning organizations, emphasizing its ties to the Democratic Party and its initiatives to address climate change. Critics argue that the Coalition's substantial federal funding may serve as a means to support failing green energy investments associated with major Democratic donors. Other organizations selected for similar funding by the EPA also feature a wealth of Democratic insiders, leading to scrutiny from congressional Republicans, particularly with the intent of reclaiming government funds that critics believe are misallocated.

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