"US EPA Allocates $20 Billion for Green Bank Grants to Fund Clean Energy Projects"

The EPA has awarded $20 billion in federal green bank grants to eight community development banks and nonprofit organizations to fund projects combating climate change in disadvantaged communities, as part of President Biden's climate agenda. Vice President Kamala Harris unveiled the funding in North Carolina, emphasizing the importance of empowering communities to decide on impactful projects. The grants are part of the Greenhouse Gas Reduction Fund created by Biden's climate law, aiming to reduce greenhouse gas emissions and address climate change. However, the taxpayer-funded green bank has faced opposition from Republicans in Congress, who have called it a "slush fund."