States Fear ‘Cloud Of Uncertainty’ Blocking Future ‘Green Bank’ Lending

State-run “green banks” are raising alarm about the future of EPA’s $20 billion low-carbon project financing program, arguing that Trump officials’ attacks on the program have already stirred instability that will have a lasting effect even as a federal judge has expressed skepticism about the legality of the administration’s actions. “By casting a cloud of uncertainty over the availability and legitimacy of the $20 billion appropriation, EPA will render the entire funding stream toxic to risk-averse financial market participants,” says...