Bloomberg Commits $500M to Close All US Coal Plants by 2030, Halt New Natural Gas Plants

By [email protected] Michael Bloomberg unveiled a $500 million “Beyond Carbon” campaign on Friday, aimed at closing every U.S. coal-fired power plant by 2030 and halting the construction of any new natural gas plants.

The new campaign will direct its funding toward environmental groups’ lobbying efforts in state legislatures, city councils and public utility commissions, as well as to elect local politicians with pro-clean energy policies, a Bloomberg spokesperson told The New York Times. The campaign expects to spend the $500 million in the next three years, although that time frame could be extended, the spokesperson said.

The campaign’s goals exceed even the

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