In a major reversal, the new head of the Environmental Protection Agency said he will try to rescind $20 billion in grants awarded by the Biden administration for climate and clean-energy projects. In a video posted on X,

The head of the U.S. Environmental Protection Agency is seeking to end contracts agreed by the previous administration to distribute $20 billion in grants to fund clean energy and transportation projects in disadvantaged communities,

Though he did not mention the bank by name, Citi had an agreement with the Biden administration to oversee the release of $20 billion under the program to nonprofit groups and sta