Overnight Success: Biden s Climate Splurge Gives Billions to Nonprofit Newbies | RealClearInvestigations

The awards were made by the Environmental Protection Agency, which is new to the world of major grantmaking. The agency acknowledges it has never handed out such gigantic sums of money, and its inspector general told Congress last month it marked a fantastically complex and unusual setup that his small staff would be hard-pressed to follow. 

Critics note that many of the awardees are run by politically connected figures. The single biggest winner in the awards, which were announced in April, was the Climate United Fund, which is slated to receive $6.97 billion. The fund s directors include prominent Democrats, such as Phil Angelides, a former California State Treasurer, and Anthony Foxx, who served as Transportation Secretary in the Obama administration.

via www.realclearinvestigations.com

James Varney.

So if you’ve been wondering how billions for high speed rail, or broadband, or flood relief or whatever, can just disappear, here’s how.