Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • HDFC vs. Parag Parikh vs. Franklin: Which flexi cap fund should be your core portfolio bet? – Money Insights News
    • Sebi overhauls mutual fund classification, introduces life-cycle funds, scraps solution-oriented schemes
    • Big Shake-Up in Mutual Funds! SEBI Scraps Solution Funds, Introduces Life-Cycle Category | 5 Changes Explained
    • Sebi Gold And Silver Valuation Norms: Sebi revises valuation norms for gold, silver held by mutual funds; polled spot prices to be used from April 2026
    • Sebi introduces Life Cycle Funds: Radhika Gupta of Edelweiss MF explains what it means for investors
    • These 3 Vanguard Growth ETFs Are Worth Buying, Even Near All-Time Highs
    • India expands rules for $385 billion stock funds to add gold
    • SEBI scraps children’s, retirement funds; Introduces contra and sectoral debt funds
    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

    India expands rules for $385 billion stock funds to add gold

    February 26, 2026

    Size, strategy and liquidity puzzle: Experts weigh risks in smallcap funds | Markets News

    February 26, 2026

    SEBI broadens rules for $384 billion stock funds to add gold

    February 26, 2026
    Leave A Reply Cancel Reply

    Top Posts

    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

    The Evolution of Art and Art Investments: A Historical Perspective on Fruitful Returns and Wealth Management

    August 21, 2023
    Don't Miss
    Mutual Funds

    HDFC vs. Parag Parikh vs. Franklin: Which flexi cap fund should be your core portfolio bet? – Money Insights News

    February 27, 2026

    Despite volatile equity markets driven by simmering geopolitical tensions and their effects on the global…

    Sebi overhauls mutual fund classification, introduces life-cycle funds, scraps solution-oriented schemes

    February 26, 2026

    Big Shake-Up in Mutual Funds! SEBI Scraps Solution Funds, Introduces Life-Cycle Category | 5 Changes Explained

    February 26, 2026

    Sebi Gold And Silver Valuation Norms: Sebi revises valuation norms for gold, silver held by mutual funds; polled spot prices to be used from April 2026

    February 26, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    les paris haussiers et les entrées dans les ETF soutiennent la hause

    May 8, 2025

    NBA legend Kevin Durant acquires minority stake in Paris Saint-Germain, expands partnership with Qatar Sports Investments | NBA News

    September 3, 2025

    China’s central bank wary of bond bonanza as secondary trade talk continues

    August 12, 2024
    Our Picks

    HDFC vs. Parag Parikh vs. Franklin: Which flexi cap fund should be your core portfolio bet? – Money Insights News

    February 27, 2026

    Sebi overhauls mutual fund classification, introduces life-cycle funds, scraps solution-oriented schemes

    February 26, 2026

    Big Shake-Up in Mutual Funds! SEBI Scraps Solution Funds, Introduces Life-Cycle Category | 5 Changes Explained

    February 26, 2026
    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
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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