The Biden Administration’s EPA stashed $20 billion in an off-government account to distribute to “green” organizations – including $2 billion award to a non-profit linked to ardent Biden supporter and failed Democrat Georgia gubernatorial candidate Stacey Abrams, Environmental Protection Agency (EPA) Administrator Lee Zeldin announced Wednesday.
Zeldin reported the findings Wednesday in a post on X.com, crediting The Washington Free Beacon:
“Stacey Abrams’ Power Forward Communities received $2 BILLION to be a pass through entity for Biden EPA’s $20 billion “gold bar” scheme. They reported just $100 in total revenue after their founding in late 2023. h/t @FreeBeacon”
“DOGE discovered $2 billion in taxpayer funds set aside for a fledgling nonprofit linked to perennial Georgia Democratic candidate Stacey Abrams,” Free Beacon reported Wednesday:
"Power Forward Communities was established in October 2023 as a coalition of groups led by Rewiring America, a left-wing group that advocates for electrification policies and a transition away from fossil fuel dependence."
Abrams serves as senior counsel for Rewiring America.
Power Forward Communities is one of eight organizations awarded a total of $20 billion of federal funding allocated by Biden’s misleadingly named “Inflation Reduction Act of 2022.”
Administrator Zeldin announced EPA’s discovery of the $20 billion fund in a press release last week on February 13:
“Roughly twenty billion of your tax dollars were parked at an outside financial institution by the Biden EPA. This scheme was the first of its kind in EPA history and it was purposefully designed to obligate all of the money in a rush job with reduced oversight.”
….
“Two months ago, a video circulated on social media featuring a Biden EPA political appointee talking about “tossing gold bars off the titanic,” intentionally rushing to get billions of tax dollars recklessly out of the agency before Inauguration Day.”
“We found the gold bars and they are now being recovered for you, the hardworking American taxpayer,” Zeldin wrote in an X.com post introducing a video in which he explained that the funds were parked in an account with an outside financial institution (Citibank) in order to reduce oversight of the spending.
🚨The Biden EPA tossed $20 billion of “gold bars off the Titanic”.
— Lee Zeldin (@epaleezeldin) February 13, 2025
BIG UPDATE! We found the gold bars and they are now being recovered for you, the hardworking American taxpayer.
Here are more of the details: pic.twitter.com/DM4C0TQcpj
In a February 16 repost of his original video, Zeldin said he received “stunning” new information that day and was hard at work investigating the funding scheme:
“My team @EPA is ALL OVER this Biden Admin scheme parking $20 BILLION in gold bars at an outside bank. Just reviewed docs I received today and they are stunning. Biden officials went to great lengths to purposefully limit gov’t oversight and control as much as possible.”
The $2 billion grant to Power Forward Communities is particularly suspicious, given its mere $100 of revenue and brief existence and, as The New York Post reports, the nonprofit’s apparent lack of staff:
“Power Forward Communities, a $2 billion recipient, has no list of employees on its website — but does have openings for government affairs VP, communications VP and special assistant.”
Additionally, as Free Beacon notes, Power Forward Communities has issued only one press release since its inception in October of 2023.
ZERO TOLERANCE for waste and abuse!
— Lee Zeldin (@epaleezeldin) February 15, 2025
The Biden EPA tossed $20 BILLION in "gold bars off the Titanic". This is just the tip of the iceberg.
Being a great steward of tax dollars must always be a core value and not a throwaway punch line. pic.twitter.com/jTnWjIHrtA