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Michael Bloomberg Will Donate $500 Million To Help Close All Remaining U.S. Coal Plants

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Michael Bloomberg Will Donate $500 Million To Help Close All Remaining U.S. Coal Plants

Michael Bloomberg Will Donate $500 Million To Help Close All Remaining U.S. Coal Plants

Former New York Mayor Michael Bloomberg will donate $500 million to fund a new initiative to shut down every remaining coal-fired power plant in America by 2030.

Bloomberg's foundation saying it is a high-powered effort to counter the pro-fossil fuel agenda emanating from the White House.

β€œWe’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,” Bloomberg said.

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