top of page

Michael Bloomberg Pumps $500 Million into Bid to Close All US Coal Plants



Former New York City Mayor Michael Bloomberg has committed $500 million to the next stage of his Beyond Carbon initiative, which aims to close all coal plants in the U.S. and reduce gas-fired capacity by 50% by 2030. This initiative will collaborate with state and local entities to shut down the remaining 150 coal plants, cut current gas generation in half, and prevent the construction of new gas-fired plants. Bloomberg has previously donated over $500 million to the Sierra Club's Beyond Coal campaign, which surpassed its goal by facilitating the retirement of over 60% of coal plants by 2020. The funds will also support legal actions against utility and power companies, policy advocacy, and financing to aid communities affected by coal plant closures. U.N. Secretary-General Antonio Guterres emphasized the urgency of addressing climate change, attributing some of the challenges to the fossil fuel industry's "naked greed".



Photo Credit: Nikolay Kovalenko

 
 
 

Comments


Thanks for submitting!

Stay updated on the latest good newz!

GoodNewzUniversal brings the top positive news about the world, daily. No matter what happens, there is always going to be good news all over the world. This website has assembled it, just for you.

    © 2023 BY ARYAMAN SINHA

    bottom of page