Michael Bloomberg: US' Immigration Laws Prevent It From Tapping Into India's Talent Pool

Michael Bloomberg: US' Immigration Laws Prevent It From Tapping Into India's Talent Pool

By MC Govardhana Rangan & Bodhisatva Ganguli
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'We were lucky that Canada and Mexico which can replace us aren't big enough. We'd be in trouble because of our immigration laws,' says Bloomberg.

Wednesday, February 18, 2015 - 9:00am

CAMPAIGN: Bloomberg: Sustainable Finance

CONTENT: Article

Michael Bloomberg is synonymous with the financial markets, thanks to the Bloomberg analytics terminal which is a must for every company that deals with financial markets. But after spending more than a decade as Mayor of New York, Bloomberg is on a mission to make governments sensitive about climate change as UN envoy. In an interview with ET, he speaks from climate to financial markets. Excerpts: 

You have taken up the cause of climate change. How hard it will be to make significant progress on the issue? 

We have reduced New York city's greenhouse gases in the last seven years. So it can be done. In most cities 80 per cent of pollution comes from transportation, and 20 per cent is from buildings. In New York city, it is exactly the reverse - 80 per cent from buildings and 20 per cent from transportation. In Mumbai they drive and in LA they drive big distances. It can be done and there is no one size fits all.

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