On the recordJuly 24, 2024
The Environmental Financial Advisory Board, or EFAB, was chartered under the 1972 Federal Advisory Committee Act. The EFAB boasts of making recommendations that would supposedly lower the cost of environmental protection. Unfortunately, they are entirely beholden to the left's climate alarmism agenda. In a 2022 meeting, the EFAB spent taxpayer resources gloating about the establishment of the Greenhouse Gas Reduction Fund created from the so-called Inflation Reduction Act of 2022, a bill whose subsidies will cost the American taxpayer $1.2 trillion. The de facto slush fund provides $27 billion to the EPA through September 2024. If the argument here is that we need the EFAB to expedite the rate at which we can give out green subsidies to his donor base, I admit to my colleagues that perhaps the EFAB has grown to be successful in that endeavor. Let's take a look at eligible recipients for this boondoggle: State-sponsored green banks, nonprofit or quasi-government green banks, nonprofit energy conservation funds, and nonprofit social impact funds. Mr. Chair, I reserve the balance of my time. {time} 1015
