Climate United Fund 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
Climate United alleges Citibank refused mandated disbursements under federal pressure rather than exercising legitimate contract defenses, presenting claims for both breach of contract and unlawful agency coercion exceeding statutory authority.
The Conclusion
The case remains active in D.C. District Court before Judge Tanya S. Chutkan, consolidated with similar suits from Power Forward Communities and state green banks, with ongoing litigation over whether the federal funding freeze and Citibank's refusal were lawful.
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