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New York - Michael Bloomberg To Plunge $500M Into Clean Energy Effort

Published on: June 6, 2019 10:45 PM
By: AP
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Former New York Mayor Michael Bloomberg speaks at a news conference at a gun control advocacy event, Tuesday, Feb. 26, 2019, in Las Vegas. (AP Photo/John Locher)Former New York Mayor Michael Bloomberg speaks at a news conference at a gun control advocacy event, Tuesday, Feb. 26, 2019, in Las Vegas. (AP Photo/John Locher)

New York - Former New York City Mayor Michael Bloomberg is plunging $500 million into an effort to close all of the nation’s remaining coal plants by 2030 and put the United States on track toward a 100% clean energy economy.

The billionaire Bloomberg’s investment in the Beyond Carbon initiative marks the largest ever philanthropic effort to combat climate change, according to the mayor’s foundation. The organization will bypass the federal government and instead seek to pass climate and clean energy policies, as well as back political candidates, at the state and local level.

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“We’re in a race against time with climate change, and yet there is virtually no hope of bold federal action on this issue for at least another two years. Mother Nature is not waiting on our political calendar, and neither can we,” Bloomberg said.

Bloomberg considered but ultimately passed on seeking the 2020 Democratic presidential nomination. Instead, he vowed to point his vast wealth and political connections toward fighting climate change and defeating President Donald Trump.

Bloomberg will formally unveil the Beyond Carbon effort Friday during a commencement address at the Massachusetts Institute of Technology.

The initiative mirrors Bloomberg’s work on gun control, which has focused on bolstering state and local efforts. The former mayor’s financial contributions to Democratic candidates who backed stricter gun laws was also considered integral to the party’s ability to retake the House in 2018.

Bloomberg’s foundation has spent several years working with the Sierra Club to seek the closure of the nation’s coal plants. Since 2011, about half of the 530 plants across the U.S. have been closed



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Read Comments (6)  —  Post Yours »

1

 Jun 06, 2019 at 10:59 PM GMalka Says:

This old maid in pants owns over a dozen properties. You can take the subway while he rides a helicopter.

2

 Jun 07, 2019 at 02:30 AM PaulinSaudi Says:

Certainly seems like a good idea.

3

 Jun 07, 2019 at 07:45 AM Educated Archy Says:

This is the shtus that bloomy is throwing money down the toiliet? What a fool. Climate change is one big fat hoax. But it's science so it must be true . Yup just like evolution,
Sure the data says the world is warming. But
1) prove it's man made . Correlation of more fossil fuel is not causation
2( who says it does harm to the world? Are there really more storms or more people , more news etc...
3) who says driving a Tesla will save the world? You thibk men could stop it if true?
4) who says it's not cyclical ? It will reverse

Bloomy should do like that rich black did by his commencement. Pay off mit student debt. And mit is a real college for stem majors who will actually contribute to this world vs other narisha liberal art wasteful colleges

4

 Jun 07, 2019 at 08:47 AM LW Says:

Reply to #2  
PaulinSaudi Says:

Certainly seems like a good idea.

You’re a leftist moron like bloomy. You can’t do anything to “save” the plant. This whole hacks is garbage.
But I don’t mind if leftist want to throw the money away.

5

 Jun 07, 2019 at 09:20 AM Anonymous Says:

The cost to landlords that he iniciated in 2008 , & are being continued by our illustrious current Dictator are unreal !!! If he has so much $$$ let him finance his programs !!!

6

 Jun 07, 2019 at 04:41 PM BuckyinWisconsin Says:

Reply to #3  
Educated Archy Says:

This is the shtus that bloomy is throwing money down the toiliet? What a fool. Climate change is one big fat hoax. But it's science so it must be true . Yup just like evolution,
Sure the data says the world is warming. But
1) prove it's man made . Correlation of more fossil fuel is not causation
2( who says it does harm to the world? Are there really more storms or more people , more news etc...
3) who says driving a Tesla will save the world? You thibk men could stop it if true?
4) who says it's not cyclical ? It will reverse

Bloomy should do like that rich black did by his commencement. Pay off mit student debt. And mit is a real college for stem majors who will actually contribute to this world vs other narisha liberal art wasteful colleges

Excellent points every one! Pure narishkeit. Might as well throw your money in the street but I guess that would pollute. He is doing this to earn points for his ridiculous bid to be president. What is he anyways? Republican Democrat? Who knows

7

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