'Race against time': US billionaire pledges largest-ever donation to fight climate change

Former New York City Mayor Michael Bloomberg has said he will contribute $US500 million toward closing coal-fired power plants across the United States, in a clash with White House efforts to revive a fossil fuel blamed for climate change.

The billionaire's foundation, Bloomberg Philanthropies, said its Beyond Carbon initiative would lobby to close about 250 coal-fired power plants by 2030 and make the country fully reliant on clean energy."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," he said, referring to when US President Donald Trump's term in office ends.

The donation by Mr Bloomberg, who was tapped last year to become the UN Secretary General's special envoy for cities and climate change, was the"largest-ever philanthropic effort to fight the climate crisis", his philanthropic group said in a statement.Bloomberg Philanthropies will team up with environmental US non-profit the Sierra Club to focus on state-level action aimed at closing coal plants and halting a"rush to build new [natural] gas plants," it said.

Specifically, Beyond Carbon will strive to pass clean energy laws and"work to elect state and local candidates who are climate champions", it said in a statement.

Source: Energy Industry News (energyindustrynews.net)

What a waste of time and money, it would have been better spent quietly funding all of the fusion energy projects that are underway across the world, rather than it being a monumental and futile exercise in virtue signalling.

Let me guess, it’s not Al Gore

lol

Because he invested another 500 million in Nuclear and will triple his money if coal is undermined. It is just economics to make more money

Ah good, billionaires funding communism. What could possibly go wrong.

' a fossil fuel blamed ' by every climate scientist and every country on earth, except the US under Trump. stop acting like there is any doubt, please. We know FOR CERTAIN that burning coal and other fossil fuels is heating our planet. Language matters.

Would be better to spend the money on thorium than gas.... such a lost opportunity

That’ll be redirected to the rainbow trust fund.

A fool and his money are soon parted.

Building nuclear power plants?

The poor old ABC is actually now hoping for a climate crisis, sounds like the ABC's very own Triumph Of The Will, sadly try as they might it will be more like Triumph Of The Ill.

What a waste of money

ABC's anti-coal hysteria grows: 'We will employ advocacy legal electoral strategies' Translation: We'll use Leftist propaganda, bullying and intimidation to destroy West's freedom by ruining their economies while giving China, Russia and India a free pass ClimateHoax ABCNews

What did he make his billions from?

Yes, finally someone wants Nuclear Energy…

Yeah but the Lefty's keep changing their ' Dooms Day ' date. 1st it was 1990 2nd was 2000 3rd was 2010 4th was 2020 5th now we only have 12 yrs left.

And our clod Coal-ition Government MP's want to build coal fired power stations in Nth Qld Also shows the folly of Adani

Why not donate the money to those that are living in poverty

Donate to get trump out, there problem solved.

FBI TERRORIST NIGHTSHIFT

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