Although there isn't much public information available about the Justice Climate Fund, it appears to have been an overnight success.
After gaining nonprofit status in August 2023, the organization was awarded $940 million by the Biden administration just eight months later in connection with the White House's $27 billion Greenhouse Gas Reduction Fund, which aims to provide financial assistance to reduce carbon emissions and reduce pollution.
The Justice Climate Fund is not the only nonprofit newcomer suddenly made rich by the GGRF. Within a month of gaining nonprofit status from the IRS, Power Forward Communities, which reported 2023 revenues of $100, was awarded $2 billion.
The unprecedented nature of the Greenhouse Gas Reduction Fund, which was created as part of 2022's Inflation Reduction Act, is raising concerns about the Biden administration's efforts to spend tens of billions of dollars in its final months, a gusher of taxpayer money that will flow into a poorly understood, untested, and difficult to audit format.
Daren Bakst, a critic of the Biden-Harris climate agenda, calls the spending splurge a "Slush fund."
Daren Bakst, director of the conservative Competitive Enterprise Institute's Center for Energy and Environment and a sharp critic of the Biden administration's climate change spending splurge, said, "It's worse than a slush fund - it's a slush fund to create non-profit slush funds."
Biden acknowledged the bill's true purpose this summer when he called the IRA a "Climate" bill, thereby aligning the administration's position with what leftist environmental groups such as the World Resource Institute hailed from the beginning as "The largest piece of climate legislation in U.S. history." The IRA involved "Hundreds of billions of dollars in clean energy, electric vehicles, environmental justice and more." Billions more would be spent on the global warming front under the Biden-Harris Infrastructure Investment and Jobs Act that passed in 2021.
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