Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • BSEC bars mutual fund investment in bank bonds.Will it deprive investors?
    • Freetrade looks to shake up the mutual funds market
    • With volatility rising, investors look to options-based ETFs for balance
    • Ball raises funds for Airedale Emergency Department Appeal
    • Why These 2 Crypto ETFs Could Soar After the Sell-Off
    • Llandrindod Wells groups which may have land available for tree planting will be told of potential funds
    • 6 Ways To Identify the Right Investments Early, According to Experts
    • BSEC imposes lifetime ban, heavy fines on LR Global CEO Reaz Islam for irregular investments
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»EPA should not have been blocked from terminating ‘green bank’ funds, appeals court says
    Funds

    EPA should not have been blocked from terminating ‘green bank’ funds, appeals court says

    September 2, 2025





    Email


    The Trump administration was handed a win by a federal appeals court on Tuesday in its effort to freeze billions of dollars and terminate contracts for nonprofits to run a “green bank” aimed at financing climate-friendly projects.

    The head of the Environmental Protection Agency had blasted the Biden-era program as a waste of taxpayer money, tried to claw back funding that had already been distributed and accused the nonprofits of mismanagement.

    A lower court said the EPA couldn’t support Administrator Lee Zeldin’s accusations and that the agency was wrong to try and end contracts with the nonprofits without substantiating allegations against them. On Tuesday, a divided federal appeals court ruled 2-1 in the agency’s favor, saying the EPA should not have been blocked from terminating the grants and that the arguments by the climate groups have no place in federal district court.

    Instead, the case should be heard in a federal claims court that hears contract disputes, the appeals court ruled in a decision written by US Appeals Court Judge Neomi Rao, who was appointed by President Donald Trump in his first term. The decision was a major loss for the groups who said they can only seek monetary damages in district court. The groups in this case were seeking an order allowing them immediate access to their funds, which total about $16 billion.

    “In sum, district courts have no jurisdiction to hear claims that the federal government terminated a grant agreement arbitrarily or with impunity. Claims of arbitrary grant termination are essentially contractual,” Rao wrote in a decision supported by Judge Gregory Katsas, also a Trump appointee.

    The appeals court ruling said the nonprofits’ arguments belong in federal claims court because they dealt chiefly with the underlying contracts the groups held with the federal government, not matters of law or the Constitution.

    Climate United Fund and other groups sued the EPA, Zeldin and Citibank, which held the grant money on behalf of the agency, saying they had illegally denied the groups access to funds awarded last year. They wanted access to those funds again, saying the freeze had paralyzed their work and jeopardized their basic operations.

    In order to provide the parties with an opportunity to appeal, the decision won’t go into effect immediately.

    Climate United CEO Beth Bafford said in a statement, “This is not the end of our road.”

    “While we are disappointed by the panel’s decision, we stand firm on the merits of our case: EPA unlawfully froze and terminated funds that were legally obligated and disbursed,” Bafford said.

    Judge Cornelia Pillard, who was appointed by former President Barack Obama, said in her dissent that the groups provided evidence that the EPA disagreed with the program’s goals and tried to end it, while throwing around allegations against the groups that it couldn’t substantiate.

    The EPA has damaged the green bank program “without presenting to any court any credible evidence or coherent reason that could justify its interference with plaintiffs’ money and its sabotage of Congress’s law,” Pillard wrote.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Ball raises funds for Airedale Emergency Department Appeal

    October 21, 2025

    Llandrindod Wells groups which may have land available for tree planting will be told of potential funds

    October 21, 2025

    Special Situation Funds rise as India’s next growth driver, turning stressed assets into opportunity

    October 21, 2025
    Leave A Reply Cancel Reply

    Top Posts

    BSEC bars mutual fund investment in bank bonds.Will it deprive investors?

    October 21, 2025

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Bonds

    BSEC bars mutual fund investment in bank bonds.Will it deprive investors?

    October 21, 2025

    The Bangladesh Securities and Exchange Commission (BSEC) is restricting mutual funds and individual investors from…

    Freetrade looks to shake up the mutual funds market

    October 21, 2025

    With volatility rising, investors look to options-based ETFs for balance

    October 21, 2025

    Ball raises funds for Airedale Emergency Department Appeal

    October 21, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Kotak MF halts lump-sum inflows in Silver ETF FoF as silver premiums surge in India

    October 9, 2025

    El Paso city councilor seeks to transfer unspent discretionary funds back to general fund

    August 9, 2024

    Why There’s a 15% Gap Between Investor and Fund Returns

    August 20, 2024
    Our Picks

    BSEC bars mutual fund investment in bank bonds.Will it deprive investors?

    October 21, 2025

    Freetrade looks to shake up the mutual funds market

    October 21, 2025

    With volatility rising, investors look to options-based ETFs for balance

    October 21, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.