Billionaire Michael Bloomberg pledges $715 million to close US coal power plants

Bloomberg Philanthropies has given billions in donations,

Photo: Bloomberg Philanthropies is lobbying to make the country fully reliant on clean energy. (AP: Amel Emric)

Former New York City mayor Michael Bloomberg has said he will contribute $US500 million ($715 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.

Read more at – Michael Bloomberg pledges $715 million to close US coal power plants.

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