"The bank accounts of nonprofits administering a $20 billion climate program have been frozen as the program faces significant scrutiny from the Trump administration.
One grant recipient has confirmed to The Hill that their account with Citibank has been frozen in the wake of pressure from the administration. At least two others told E&E News, which first reported the freeze, that they were in the same boat.
The program in question, which is funded by the 2022 Inflation Reduction Act, provides $20 billion to help finance the deployment of climate-friendly projects.
Last year, the Biden administration awarded that cash to eight institutions that are in charge of doling it out to projects aimed at mitigating climate change."
Rachel Frazin reports for The Hill February 24, 2025.
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