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Michael Bloomberg gives $500M to campaign to kill coal


Former New York City mayor and climate change crusader Michael Bloomberg announced Friday he is giving $500 million to a campaign to finish killing coal and start killing oil and gas.

“The largest coordinated campaign to tackle climate change” ever to occur in the U.S., Bloomberg says, aims to close all of the nation’s coal plants by 2030, and put the country on track discontinue fossil fuel use altogether.

“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 in a press release before giving a commencement address at the Massachusetts Institute of Technology. “Beyond Carbon will respond to this crisis with the urgency and ambition that it requires, by taking the fight to the states and turbo-charging current on-the-ground efforts.”

The campaign, called “Beyond Carbon,” is an expansion of the the “Beyond Coal” campaign that Bloomberg has partnered on with the Sierra Club and other environmental groups that has helped retire more than half the nation’s coal plants, 289 out of 530, since it began in 2010.

But while Beyond Coal has benefited from piggybacking off coal’s existing market-driven economic challenges, Bloomberg will have a harder time with his secondary goal of preventing the construction of new gas plants.

It’s natural gas, which emits half the carbon of coal, that has mostly replaced coal in the electricity sector, supplying 28% of current United States energy, compared to about 11% from renewable sources.

Natural gas was the fastest-growing energy source in the world last year, according to a new International Energy Agency report.

Climate experts, however, note that most forecasts, including one last year by the United Nations Climate Change panel, say the world must get off fossil fuels entirely by 2050 and reach net-zero carbon emissions by that time to avoid the worst consequences of climate change.

Beyond Carbon will employ a similar strategy to Beyond Coal, funding lobbying efforts by environmental groups that send members and lawyers to meetings of state utility commissions, which regulate utilities and approve or reject where they generate electricity from based on cost.

“There is no substitute for federal policy, but in the absence of that, every day decisions are made in utility commissions on whether we should put scrubbers [pollution controls] on a coal plant, or retire it. Or whether we should continue running a coal plant indefinitely, or make this transition to wind or solar with storage,” Sierra Club’s Mary Anne Hitt, the director of the Beyond Coal campaign, previously told the Washington Examiner.

The Sierra Club and other environmental groups have begun to more aggressively contest natural gas as renewable alternatives have become cheaper and more prevalent, especially wind, solar, and energy storage technologies that carry excess power for use when the sun sets and wind is still.

A number of Democratic presidential candidates have set goals of reaching 100% clean energy and net-zero greenhouse gas emissions by 2050.

One candidate, Washington Gov. Jay Inslee, has proposed closing all coal plants by 2030.

Bloomberg wants Beyond Carbon to bypass the federal policy arena and work with environmental groups to enact 100% clean energy laws at the state and local level, and to help elect state and local candidates “who are climate champions.”

The campaign will also focus on promoting electric vehicle use, low-carbon manufacturing, and reducing emissions in buildings.

washington examiner

12 Comments on "Michael Bloomberg gives $500M to campaign to kill coal"

  1. Mark in St. Louis on Fri, 7th Jun 2019 2:32 pm 

    What a waste of $500M!
    Coal will die its own natural death due to high cost of production, escalating costs for transportation (RR price increases), continued pollution control cost (including coal ash storage/remediation), and most effectively the abundance of cheap natural gas (100 year supply) and cheaper renewables.

  2. Chrome Mags on Fri, 7th Jun 2019 3:35 pm 

    I wonder what cute little hateful name Trump will come up with for Bloomberg?

  3. JuanP on Fri, 7th Jun 2019 4:13 pm 

    Chrome, he will deserve it for the hateful names bloomberg and his fellow criminal dimwits are calling trump.

  4. More Davy Identity Theft on Fri, 7th Jun 2019 4:24 pm 

    JuanP on Fri, 7th Jun 2019 4:13 pm

  5. Anonymouse on Fri, 7th Jun 2019 4:57 pm 

    Looking into this a little more, I read some other Jewmerica media articles, that all, basically said the same thing as the above (shocker eh?). If true, 500mil will mostly go towards, ‘lobbying’, corrupt uS legislators, many of whom are have long been into the back pockets of uS oil-gas-coal-nuclear corporations, to pass, complex and unwieldy legislation that will favor wind and solar over coal?

    Is that a reasonable summation of this guys grand plan? The Jewberg clan are corrupt and criminal kikes, like there is any other kind, but, they are not exactly stupid. 500mil is serious change, so, why would he put down that kind of cash, unless this whole ‘kill coal’ story is just a smokescreen for something entirely different.

    If the story had read, Jew to put down 5 million, or even 50 million, to kill coal. Sure, Id go for that. But 500 million? Must be something else going on here.

  6. JuanP on Fri, 7th Jun 2019 6:53 pm 

    Anon, why don’t you stop the Jew whining already. It gets old when all you comment on is jews and Davy.

  7. More Davy Identity Theft on Fri, 7th Jun 2019 7:10 pm 

    JuanP on Fri, 7th Jun 2019 6:53 pm

  8. Roger on Fri, 7th Jun 2019 7:51 pm 

    “A number of Democratic presidential candidates have set goals of reaching 100% clean energy and net-zero greenhouse gas emissions by 2050.”

    Just another demon-rat fundraiser; his Trump-envy is obviously.

  9. Davy on Fri, 7th Jun 2019 9:14 pm 

    You should try to be more like me annoys. I restrict my whining to:

    -The Philippines (see makato)
    -Dirty Playboy Immigrants
    -Dirty Liberal Playboy Immigrants

    See Annoys. If you were smart like me, you would know how to whine like a true American Patriot and Hero. Not saying I am hero even though I clearly am. You’re just a dumbass extremist with mental issues. Just like JuanP.

  10. Cloggie on Sat, 8th Jun 2019 12:21 am 

    Toyota shifts emphasis from hydrogen to batteries:

  11. Robert Inget on Sat, 8th Jun 2019 10:51 am 

    Today’s Weather

    The heaviest rains are forecast Saturday along the Florida Panhandle northward into the southern Appalachians and the Piedmont region. Flooding conditions are likely in areas such as Atlanta, Nashville and Raleigh.

    AccuWeather warns that as much as 3 to 5 inches of rain could fall each day during the weekend in the target areas, while some could see a foot or more of rain.

    What’s happening this weekend? (Hint: ️️)
    We created a video briefing for you to learn more:

    — NWS Bay Area (@NWSBayArea) June 7, 2019
    On the West Coast, the heat wave is expected to boost temperatures from Washington state to California.

    AccuWeather Meteorologist Brett Rathbun says high temperatures will exceed the century mark in much of central California early next week.

    “Monday will mark the first 100-degree day in Sacramento, California, since Aug. 18, 2018,” he says.

    Fire and flooding. Fires and flooding. Fires and flooding.

  12. Robert Inget on Sat, 8th Jun 2019 11:03 am 

    How will Climate Change effect the Next Presidential election? 17 months ahead.

    In Australia climate deniers won a close election.
    (What if that same election were held one year later?)

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