Quantcast
Energy
www.youtube.com

Bloomberg Donates $64 Million to Shut Down Coal Power Plants

Former New York City mayor Michael Bloomberg's charity will give $64 million to help accelerate the retirement of coal plants in the U.S., Bloomberg announced yesterday following the Trump administration's move to kill the Clean Power Plan.

Bloomberg Philanthropies has already given $110 million to the Sierra Club's Beyond Coal campaign, which aims to help shutter two-thirds of U.S. coal-fired power plants by 2020. Despite Scott Pruitt's proclamation earlier this week that the CPP rollback means the "war on coal is over," market forces don't seem to have gotten the memo.


This week, major utilities across the country affirmed that they would continue to move away from coal-fired power; a Texas utility confirmed plans to shutter a San Antonio coal-fired power plant; a coal operator announced it would idle a western Kentucky mine; and the government gave hundreds of thousands of dollars to the Navajo and Hopi tribes in preparation for the likely closure of the coal-fired Navajo Generating Station.

As reported by The Hill:

"Bloomberg declared his actions Wednesday as a 'war on coal,' embracing a term Republicans use to attack clean-energy advocates, saying that the Trump administration and Environmental Protection Agency (EPA) chief Scott Pruitt are wrong to say that the war is being fought mainly in Washington, D.C.

'These are the groups that are fighting the war on coal, and it's happening all across America, and they are winning,' Bloomberg said of the groups receiving funds from his Bloomberg Philanthropies organization.

'The war on coal is a fight for America's health, for our economy and our environment, and our competitive place in the world. And it's a fight we're going to win, no matter what anybody in Washington says,' he said.

'This is to save American lives and save the American economy. This is our future, and going in the wrong direction is just needlessly inflicting pain on all of us, and it has to stop.'"

For a deeper dive:

Bloomberg: Reuters, Bloomberg, AP, The Hill. Utilities: WSJ, AP. TX power plant: San Antonio Business Journal. KY mine: AP. NGS: AP. Commentary: Reuters, John Kemp column; Bloomberg View, Noah Smith column

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.

Show Comments ()

EcoWatch Daily Newsletter

Sponsored
Popular
The Stikine River runs through Wrangell, Alaska. Mining operations nearby threaten to poison fish in the Stikine watershed and destroy the traditions and livelihoods of Southeast Alaskan Tribes. Alaska Department of Fish and Game

Canada as Ugly Neighbor: Mines in BC Would Devastate Alaskan Tribes

By Ramin Pejan

Mining operations in Canada are threatening to destroy the way of life of Southeast Alaskan Tribes who were never consulted about the mines by the governments of Canada or British Columbia.

Keep reading... Show less
Business
Deforestation on peatland for palm oil plantation in Borneo, Indonesia. glennhurowitz / Flickr / CC BY-ND 2.0

World's Largest Palm Oil Trader Ramps Up Zero-Deforestation Efforts

The world's largest palm oil trader released plans on Monday to increase its efforts to eliminate deforestation from its supply chain.

Wilmar International, which supplies 40 percent of the world's palm oil, has teamed up with the sustainability consultancy Aidenvironment Asia to develop a comprehensive mapping database to better monitor the company's palm oil supplier group.

Keep reading... Show less
Popular
The Elkhorn Slough Reserve is one of California's few remaining coastal wetlands. Edmund Lowe Photography / Moment / Getty Images

New EPA Rule Would Sabotage Clean Water Act

By Jake Johnson

In a move environmentalists are warning will seriously endanger drinking water and wildlife nationwide, President Donald Trump's U.S. Environmental Protection Agency (EPA) is reportedly gearing up to hand yet another gift to big polluters by drastically curtailing the number of waterways and wetlands protected under the Clean Water Act.

Keep reading... Show less
Popular
James Braund / Getty Images

40 Acres of Farm Land in America Is Lost to Development Every Hour

By Brian Barth

Picture bulldozers plowing up pastures and cornfields to put in subdivisions and strip malls. Add to this picture the fact that the average age of the American farmer is nearly 60—it's often retiring farmers that sell to real estate developers. They can afford to pay much more for property than aspiring young farmers.

Keep reading... Show less
Sponsored
Energy

60,000 Liters of Oil Spills From Pipeline Into Brazilian Bay

About 60,000 liters (15,850 gallons) of oil spilled from a pipeline into the Estrela River and spread to Rio de Janeiro's famed Guanabara Bay over the weekend, according to Reuters and local reports.

The pipeline is owned by Transpetro, the largest oil and gas transportation company in Brazil, and a subsidiary of Petroleo Brasileiro (commonly known as Petrobras). Transpetro claims the leak resulted from an attempted robbery.

Keep reading... Show less
Popular
alvarez / E+ / Getty Images

Holiday Shoppers, the Planet Needs You to Take It Easy With Next-Day Shipping

By Jeff Turrentine

Back in 1966, the editors of Time indulged in a long-honored magazine tradition and published an essay in which experts made predictions about the future—in this case, the year 2000. By then, these experts prognosticated, a typical shopper "should be able to switch on to the local supermarket on the video phone, examine grapefruit and price them, all without stirring from her living room." But even so, they predicted, "remote shopping, while entirely feasible, will flop." Why? Because shoppers "like to get out of the house, like to handle the merchandise, like to be able to change their minds."

Keep reading... Show less
Sponsored
Climate
The Russia pavilion at the COP24 conference in Katowice, Poland. Beata Zawrzel / NurPhoto via Getty Images

COP24: U.S. Joins Saudi Arabia, Russia and Kuwait in Blocking Crucial Climate Report

The U.S. has thrown its hat in the ring with three other fossil-fuel friendly nations to block the COP24 talks from "welcoming" the landmark Intergovernmental Panel on Climate Change (IPCC) report that warned that we must reduce greenhouse gas emissions to 45 percent of 2010 levels by 2030 in order to limit warming to 1.5 degrees Celsius above pre-industrial levels, BBC News reported.

Keep reading... Show less
Politics
Amazon rainforest cleared for cattle raising; green groups are concerned Brazil's new environment minister will prioritize agriculture over conservation. Luiz Claudio Marigo / Nature Picture Library / Getty Images

Brazil’s New Environment Minister Is Bad News for the Amazon and the Climate

When right-wing Congressman Jair Bolsonaro was elected president of Brazil in October, environmental groups raised concerns about what his presidency could mean for the future of the Amazon rainforest and the global fight against climate change.

Now, Bolsonaro's choice for environment minister appears to justify those concerns. In a tweet Sunday, Bolsonaro announced he would appoint pro-business lawyer Ricardo de Aquino Salles to the role, Reuters reported.

Keep reading... Show less
Sponsored

mail-copy

The best of EcoWatch, right in your inbox. Sign up for our email newsletter!