California Infrastructure and Economic Development Bank v. Citibank, N.A.
Case Overview
Climate United sued Citibank and the EPA over Citibank's refusal to disburse the National Clean Investment Fund contractually obligated to Climate United due to pressure from the federal government. This case was consolidated with similar suits brought by Power Forward Communities, California, Maine, Illinois, and Minnesota state green banks, and the Justice Climate Fund.
The Application
Citibank held contractual obligations under the National Clean Investment Fund to disburse funds to Climate United, but allegedly refused disbursement due to federal pressure from the executive freeze on financial assistance. Plaintiffs challenge whether the freeze validly authorized Citibank's withholding and seek recovery for breach of contract and violation of the APA.
The Conclusion
The case remains active in D.C. District Court before Judge Chutkan, consolidated with parallel suits by state green banks and climate entities, challenging the legality and contractual effect of the federal funding freeze as of the March 8, 2025 filing date.
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