12 Oct '17, 1pm

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 thous...

Full article: https://www.ecowatch.com/bloomberg-coal-sierra-club-24958...

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