cloudy.png
Tuesday November 19th, 2019 1:54PM

Michael Bloomberg to plunge $500M into clean energy effort

By The Associated Press
Related Articles
  Contact Editor

WASHINGTON (AP) — Former New York City Mayor Michael Bloomberg is plunging $500 million into an effort to close all of the nation's remaining coal plants by 2030 and put the United States on track toward a 100% clean energy economy.

The billionaire Bloomberg's investment in the Beyond Carbon initiative marks the largest ever philanthropic effort to combat climate change, according to the mayor's foundation. The organization will bypass the federal government and instead seek to pass climate and clean energy policies, as well as back political candidates, at the state and local level.

"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.

Bloomberg considered but ultimately passed on seeking the 2020 Democratic presidential nomination. Instead, he vowed to point his vast wealth and political connections toward fighting climate change and defeating President Donald Trump.

Bloomberg will formally unveil the Beyond Carbon effort Friday during a commencement address at the Massachusetts Institute of Technology.

The initiative mirrors Bloomberg's work on gun control, which has focused on bolstering state and local efforts. The former mayor's financial contributions to Democratic candidates who backed stricter gun laws was also considered integral to the party's ability to retake the House in 2018.

Bloomberg's foundation has spent several years working with the Sierra Club to seek the closure of the nation's coal plants. Since 2011, about half of the 530 plants across the U.S. have been closed.

___

Follow Julie Pace at http://twitter.com/jpaceDC

  • Associated Categories: Associated Press (AP), AP National News, AP Online National News, AP Online Headlines - Washington, AP Business, AP Business - Industries, AP Business - Utilities
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Famed Indian climber nearly died on peak where team was lost
Legendary Indian mountaineer says modern mountaineering bears little resemblance to the expeditions he led, with tight schedules and climbers' inexperience leading to more casualties on Himalayan peaks
9:22PM ( 23 minutes ago )
US commander says Mideast buildup prompted Iran 'step back'
The top commander of U.S. forces in the Mideast says Iran appears to have decided to "step back and recalculate" in response to a U.S. military buildup in the Persian Gulf area
9:16PM ( 30 minutes ago )
Protester arrested at Jeff Bezos Amazon conference in Vegas
A woman was arrested after approaching Amazon CEO and founder Jeff Bezos and yelling about chicken farms on stage at a conference in Las Vegas
9:11PM ( 34 minutes ago )
Associated Press (AP)
Automakers urge California, US to restart mileage talks
Major automakers are urging the Trump administration and California to go back to the negotiating table over vehicle mileage standards to prevent a legal battle
8:49PM ( 56 minutes ago )
US and Mexico: More talks, no deal yet to avert tariffs
U.S. and Mexican officials have failed again to reach a deal to avert import tariffs that President Donald Trump is threatening to impose
8:16PM ( 1 hour ago )
VP Pence touts trade pact benefits in Pennsylvania stop
Vice President Mike Pence has dropped in on the presidential battleground state of Pennsylvania, where he toured a robotics maker and urged Congress to pass a new trade pact with Canada and Mexico
8:04PM ( 1 hour ago )
AP Business
US stocks climb on hope of US-Mexico trade deal
U.S. stocks finished higher Thursday as optimism that the U.S. and Mexico can work out a deal before costly tariffs kick in next week helped power the market to its third straight gain
5:28PM ( 4 hours ago )
Amazon's Jeff Bezos interrupted by protester on Vegas stage
An on-stage talk by Amazon CEO and founder Jeff Bezos was briefly interrupted Thursday by a protester who rushed on stage and yelled about chicken farms
4:22PM ( 5 hours ago )
State, federal laws now allow Arizona farmers to grow hemp
Arizona farmers will soon begin planting hemp as its byproduct - CBD oil - is exploding in popularity, with some supporters saying it could overtake a traditional crop in the state because there's more money in the cannabis plant than cotton
3:46PM ( 5 hours ago )
AP Business - Industries
2020 hopeful Inslee: Build US foreign policy around climate
Democratic presidential hopeful Jay Inslee is arguing the U.S. must shape its foreign policy around a commitment to combat the climate crisis
6:02PM ( 1 day ago )
US land managers shift position on Chaco protection bill
U.S. land managers are open to Congress considering legislation that would limit federal leases for oil and natural gas development near a national park in New Mexico held sacred by Native Americans
5:16PM ( 1 day ago )
US stocks rise again, though energy shares slump with oil
Stocks moved broadly higher on Wall Street in afternoon trading Wednesday, on track to extend the market's strong gains from the previous day
3:50PM ( 1 day ago )
AP Business - Utilities
Famed Indian climber nearly died on peak where team was lost
Legendary Indian mountaineer says modern mountaineering bears little resemblance to the expeditions he led, with tight schedules and climbers' inexperience leading to more casualties on Himalayan peaks
9:22PM ( 23 minutes ago )
US commander says Mideast buildup prompted Iran 'step back'
The top commander of U.S. forces in the Mideast says Iran appears to have decided to "step back and recalculate" in response to a U.S. military buildup in the Persian Gulf area
9:16PM ( 30 minutes ago )
Protester arrested at Jeff Bezos Amazon conference in Vegas
A woman was arrested after approaching Amazon CEO and founder Jeff Bezos and yelling about chicken farms on stage at a conference in Las Vegas
9:11PM ( 34 minutes ago )
The Latest: Bruins, Blues bruised and scoreless after 1st
The latest from Game 5 of the Stanley Cup Final.
9:04PM ( 41 minutes ago )
The Latest: Probe finds 'state actor' led attack on tankers
International investigators say last month's attacks on oil tankers in a United Arab Emirates port were led by a foreign state
8:53PM ( 52 minutes ago )