One of numerous "green" energy project scams spearheaded by the Biden regime, GGRF funds must be entirely spent between now and then or else they will get returned back to Congress after the deadline. Whatever is not spent by Sept. 30, 2024, will no longer be accessible to the Democrats, in other words, and could fall into the hands of Republicans.
Part of Biden's so-called Inflation Reduction Act (IRA), the GGRF is unique from other similar programs in that it contains this specific spending deadline, which was inserted, according to an anonymous Democrat aide, in order to shield the program from any potential GOP efforts to recover the funds later on down the road.
"We did craft it with the motivation to have EPA stand up the program quickly to save it from the risk of potential future repeal efforts," the aide is quoted as saying to The Washington Post.
Democrat Sen. Thomas Carper of Delaware, chief of the Environment and Public Works Committee, would add to this that he was personally instructed by the EPA to "waste no time" on disbursing the funds because "we are running out of time" to combat global warming.
(Related: The natural gas industry is forming a coalition to stop Biden from trying to eliminate everyone's gas appliances – except for his own, of course.)
It is no secret that the left is in love with the idea of "green" energy while the right is committed to earth-based "fossil" fuels. The matter continues to drive a wedge between the two parties, and America at large.
Many Republicans are upset about the GGRF and other such programs, warning that they are both wasteful and authoritarian.
According to Sean Kelly, a spokesman for the GOP arm of the House Energy and Commerce Committee, the GGRF specifically "allocates an incredible amount of authority and resources" to Democrats without any accountability or transparency in how the money is spent.
"In other words, this provision creates a taxpayer-funded slush fund for Wall Street and heightens the risk for overspending, fraud and abuse," Kelly added.
Last week, the EPA launched the first $7 billion in funding from this "green" slush fund via the "Solar for All" grant competition, which funds solar projects in "low-income" communities, which is code for non-white areas.
The EPA says it plans to announce two additional grant competitions in the coming weeks, including a $14 billion competition to finance the deployment of "green" technology nationwide, as well as $6 billion to help local banks finance "green" projects.
All of this is just fluff for money laundering, of course, as the entire concept of "green" is inherently fraudulent. They can doctor it up all they like to pretend as though this is official business and legitimate, but it is obvious that all this cash is simply being dumped into the pockets of the politically connected.
In a statement, EPA spokesman Tim Carroll promised that all the money will be spent before the deadline, stating that his agency "is confident we will obligate funds for the Greenhouse Gas Reduction Fund before the statutory deadline of Sept. 30, 2024."
The latest news about the Biden regime's ongoing criminality can be found at Treason.news.
Sources for this article include: