ANCHORAGE, Alaska, June 4, 2025 /PRNewswire/ -- In a full-page ad in the Anchorage Daily News yesterday, the Coalition for Green Capital (CGC), a national green bank that received $5 billion in funding from the federal government last year, warned that "the nation needs more energy" and asked three Cabinet members visiting Alaska to "work together to solve the energy crisis in Alaska and beyond."The ad was in the form of an open letter to Interior Secretary Doug Burgum, Energy Secretary Chris Wright, and Environmental Protection Agency (EPA) Administrator Lee Zeldin.It cited CGC's network partner Spruce Root, a Community Development Financial Institution in the southeastern Alaska. "Investments in such partners are multiplied many times with private capital," the ad said.CGC, however, has faced obstacles. The EPA earlier this year tried to terminate CGC's contract under the Greenhouse Gas Reduction Fund, awarded under the Inflation Reduction Act of 2022, and has frozen the organization's account at Citibank. CGC has challenged the termination in federal district court and won a preliminary injunction, which is now under appeal."We shouldn't be at cross purposes. CGC has common ground with Administrator Zeldin's Powering the Great American Comeback initiative, and we want to move as fast as we can," said the ad placed by the CGC, which over more than a decade has developed a network of green banks and community lenders.The ad explained the current energy crisis this way: "The grid is a century old, demand is soaring, capacity can't keep up, and Americans are suffering as their utility bills rise. For Alaskans, it's worse

The Coalition for Green Capital and Power Forward Communities earlier in the day filed suit against the Citibank, the funds' custodial agent, to gain the release of congressionally appropriated funds held by the bank as part of the Greenhouse Gas Reduction Program.

The Coalition for Green Capital (CGC) announced a $200 million investment in GreenieRE, a Vermont-based insurance provider for clean energy projects. GreenieRE aims to reduce investment risks and accelerate decarbonization by offering customized insurance solutions. At least 50% of its insured value will support underserved communities. This initiative seeks to remove barriers to private capital and expand access to affordable energy, empowering green banks and lenders to finance critical projects.