EPA Administrator Lee Zeldin revealed in a video released on Wednesday night that his agency uncovered an unprecedented scheme used by the Biden administration to direct funds to far-left activist groups.

“An extremely disturbing video circulated two months ago featuring a Biden EPA political appointee talking about how they were ‘tossing gold bars off the Titanic,’ rushing to get billions of your tax dollars out the door before Inauguration Day,” Zeldin said.

He continued, “The gold bars were tax dollars, and tossing them off the Titanic meant the Biden administration knew they were wasting it.”

Zeldin stated that he has reached out to the U.S. Justice Department and the inspector general to initiate investigations into the $20 billion transferred to an external financial institution, which was used to distribute funds to left-wing organizations during Biden’s final days in office.

“Fortunately, my awesome team at EPA has found the gold bars,” he said. “Shockingly, roughly $20 billion of your tax dollars were parked at an outside financial institution by the Biden EPA.”

“This scheme was the first of its kind in EPA history, and it was purposely designed to obligate all of the money in a rush job with reduced oversight,” he continued. “Even further, this pot of $20 billion was awarded to just eight entities that were then responsible for doling out your money to NGOs and others at their discretion with far less transparency.”

He stated that the financial agreement with the bank should be terminated immediately and that the funds must be returned to the government.

“The days of irresponsibly shoveling boatloads of cash to far-Left activist groups in the name of environmental justice and climate equity are over,” he added.