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

“This is the fight of our time,” the former New York mayor wrote.

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, a high-powered effort to counter the pro-fossil fuel agenda emanating from the White House, his foundation said Thursday.

“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,” Bloomberg told The New York Times in a statement.  “Mother Nature is not waiting on our political calendar, and neither can we.” 

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