Bloomberg Announces $64 Million in New Funding to Move America Beyond Coal as Trump EPA Tries to Prop up Dead End Fuel Source

Oct 11, 2017 4:20 PM ET
Press Release

WASHINGTON, D.C., October 11, 2017 /3BL Media/ – One day after the Trump Administration formally announced its plans to rescind the Clean Power Plan, the Obama Administration’s climate change policy that has been held up in federal court, Michael R. Bloomberg announced a new commitment of $64 million to support the Sierra Club’s Beyond Coal campaign and other organizations working to advance the U.S. clean energy market at the state and local level. Pollution from coal-fired power plants is the largest source of carbon emissions and kills 7,500 Americans annually, down from 13,000 when the Beyond Coal campaign began expanding in 2011 through support from Bloomberg.

To date, Bloomberg has invested over $100 million in protecting the environment and public health through its support of the Beyond Coal campaign. Since 2011, when Bloomberg Philanthropies first partnered with the Sierra Club’s Beyond Coal Campaign, nearly 50 percent of the country’s coal-fired power plants have announced their retirement, and deaths related to coal pollution have decreased by 42%. The new round of funding aims to maintain progress in the face of proposed federal rollbacks of public health and environmental regulations, including the Clean Power Plan, which would have set carbon pollution standards for power plants.

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