- link Copy URL
- [     Share on X ](https://twitter.com/intent/tweet?text=Michael Bloomberg Promises $500 Million to Help End Coal https://www.3blmedia.com/markdownify/node/251426?absolute=1&via=3blnews "Share on X")
- [  Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/251426?absolute=1 "Share on Linkedin")
- [  Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/251426?absolute=1 "Share on Facebook")
- [ email Share via email ](mailto:?subject=Michael Bloomberg Promises $500 Million to Help End Coal&body=ESG News from Bloomberg https://www.3blmedia.com/markdownify/node/251426?absolute=1 "Share via email")
 
 

 [Environment](/categories/environment)

 # Michael Bloomberg Promises $500 Million to Help End Coal

 

##### By: Lisa Friedman, NY Times

 

 

 Jun 10, 2019 11:35 AM ET

  Campaign:  ![](https://3blcdn.com/styles/carousel_2x/s3/2026-08/Beyond_Carbon_logo_Color_BP-768x173_1786787264_0.png)

 

[Originally posted on nytimes.com. ](https://www.nytimes.com/2019/06/06/climate/bloomberg-climate-pledge-coal.html)

WASHINGTON — Michael R. Bloomberg, the former mayor of New York City, will donate $500 million to a new campaign to close every coal-fired power plant in the United States and halt the growth of natural gas, his foundation said Thursday.

The new campaign, called Beyond Carbon, is designed to help eliminate coal by focusing on state and local governments. 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](https://www.nytimes.com/2019/05/27/us/politics/trump-climate-science.html?module=inline) of climate change.

[Click here](https://www.nytimes.com/2019/06/06/climate/bloomberg-climate-pledge-coal.html) to read the full story.



 

 

 

 

 

 

 

 [![](/sites/default/files/Clients/updatedlogoBBGBlck.png)](/profiles/bloomberg)

 

 

### More from Bloomberg

###### [Companies With Gender Diverse Boards Deliver 2–5% Higher Annual Returns Than Companies With Fewer Women, Finds Bloomberg Intelligence](/news/companies-gender-diverse-boards-deliver-2-5-higher-annual-returns-companies-fewer-women-finds)

 Oct 23, 2024 9:30 AM ET

  



###### [Bloomberg Named a Leader in Climate Financial Data and Analytics in Report by Independent Research Firm](/news/bloomberg-named-leader-climate-financial-data-and-analytics-report-independent-research-firm)

 Oct 22, 2024 9:00 AM ET

  



###### [Bloomberg Launches Solution to Help Investors Assess Their Exposure to Nature and Biodiversity-Related Risks](/news/bloomberg-launches-solution-help-investors-assess-their-exposure-nature-and-biodiversity)

 Oct 18, 2024 1:30 PM ET

  



###### [Public Research for Climate Action](/news/public-research-climate-action)

 Sep 26, 2024 4:00 PM ET

  



###### [Bloomberg Expands Climate Solutions To Enhance Corporate Transition Risk Assessments and Help Firms Align Portfolios With Their Net Zero Targets](/news/bloomberg-expands-climate-solutions-enhance-corporate-transition-risk-assessments-and-help)

 Sep 20, 2024 3:30 PM ET

  



###### [EDP Renewables to Supply Clean Electricity to Bloomberg in Innovative Long-Term Contract](/news/edp-renewables-supply-clean-electricity-bloomberg-innovative-long-term-contract)

 Sep 13, 2024 11:30 AM ET

  



###### [Bloomberg Named a Leader in ESG Data and Analytics in Report by Independent Research Firm](/news/bloomberg-named-leader-esg-data-and-analytics-report-independent-research-firm)

 Aug 19, 2024 6:15 PM ET

  



###### [Net-Zero Window Closing but Still Time To Get on Track](/news/net-zero-window-closing-still-time-get-track)

 Aug 8, 2024 9:00 AM ET