The recipients of EPA’s largest climate law program will ask a federal judge Wednesday to order Citibank to grant them access to award funds while litigation continues over whether the Trump administration can terminate the program.
Climate United Fund, the Coalition for Green Capital and Power Forward Communities received a combined $14 billion last year to run national green banking programs under the Greenhouse Gas Reduction Fund (GGRF). They have been unable to tap those funds since mid-February, when Citibank froze the accounts as EPA tried to claw the money back into the U.S. Treasury.
Without immediate access to its $7 billion award, Climate United Fund said it would be forced to close its doors.
“If Climate United does not obtain a preliminary injunction and is forced to wait to have access to its grant funding restored, Climate United would not survive as it exists today and would need to wind down its operations,” the nonprofit stated in a court filing last week.
