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Bloomberg Gives $500 Million to Nix Coal, Slow Natural Gas Production

posted onJune 8, 2019
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Article snippet: The New York Times reported on the former mayor of New York City’s Beyond Carbon campaign. “The effort will bypass Washington, where Mr. Bloomberg has said national action appears unlikely because of a divided Congress and a president who denies the established science of climate change,” the Times reported. “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,” Bloomberg said in a statement released before he announced his financial pledge in a commencement address at the Massachusetts Institute of Technology (MIT). “Mother Nature is not waiting on our political calendar, and neither can we.” The Times reported: The Times reported that more than 280 coal plants have been shut down since 2010, many because of the harsh regulations imposed by the Obama administration. Bloomberg wants to close down the remaining 241 plants in the U.S. by 2030. Bloomberg has announced he will not run for the Democrat 2020 presidential nomination, but fighting climate change is becoming a major plank in many candidates’ platforms. However, none have joined Bloomberg so far in wanting to slow down natural gas production. And, in fact, according to the federal Energy Information Agency, natural gas not only benefits consumers with affordable energy but has helped the environment by reducing CO2 emissions. Even the Progressive Policy Institute produced a report in 2014 titled “Exporting ... Link to the full article to read more

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