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Michael Bloomberg Unleashes Another $500 Million to Destroy US Coal Industry
NewsBusters ^ | 9/21/2023 | Joseph Vazquez

Posted on 09/21/2023 9:53:18 AM PDT by JV3MRC

Media mogul and failed presidential candidate Michael Bloomberg is not letting up on his years-long obsession with putting the nails in the coffin on the U.S. coal industry.

The Bloomberg News owner pledged another $500 million to “expand the Beyond Carbon campaign, one of the largest philanthropic efforts to fight the climate crisis in the U.S,” Bloomberg Philanthropies announced in a Sept. 20 press release. The intent is to “[f]inish the job on coal” by 2030, Bloomberg Philanthropies stated. The organization fanatically celebrated how “With 372 of 530 coal plants announced to retire or closed to date – more than 70 percent of the country’s coal fleet – this next phase will shut down every last U.S. coal plant.” The new development is in addition to the $500 million Bloomberg pledged in 2019 towards the same “Beyond Carbon” effort, meaning he will have spent at least $1 billion to ensure that the coal industry is eradicated from the U.S. economy.

This reeks of hypocrisy in the face of Bloomberg’s partiality to flying what leftists would consider emissions-spewing private jets. ClimateJets.org, developed by climate activist Akash Shendure, estimated Bloomberg’s travels on private jets in 2022 alone accounted for “327,854 gallons (1,241,062 liters) of jet fuel used” and “3,196.58 metric tons of carbon dioxide emitted.”

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Front Page News; Politics/Elections
KEYWORDS: bloomberg; climatechange; coal; fossilfuels; michaelbloomberg
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1 posted on 09/21/2023 9:53:18 AM PDT by JV3MRC
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To: JV3MRC

These people are truly insane......................


2 posted on 09/21/2023 9:54:37 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: JV3MRC

Meanwhile, India and China are building one new coal plant a week.


3 posted on 09/21/2023 9:54:40 AM PDT by E. Pluribus Unum
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To: JV3MRC

Energy markets are not a Jello you can squeeze tightly.


4 posted on 09/21/2023 9:56:57 AM PDT by blackdog ((Z28.310) My dog Sam eats purple flowers.)
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To: JV3MRC

I am invested in coal stocks and continuing to do well.


5 posted on 09/21/2023 10:05:18 AM PDT by aMorePerfectUnion (Fraud vitiates everything)
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To: Red Badger

They’re insane, and taking us down with them!!!!!!!!!


6 posted on 09/21/2023 10:06:41 AM PDT by bantam
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To: JV3MRC
I'd only ask: How does Bloomie stand to profit from ruining coal?

N.B. My Ohio congressional district was solid blue until Obama's War on Coal. Now we have had a Republican rep for several terms now.

7 posted on 09/21/2023 10:08:57 AM PDT by Chad C. Mulligan
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To: JV3MRC

https://search.brave.com/search?q=India+and+China+are+building+one+new+coal+plant+a+week&source=desktop


8 posted on 09/21/2023 10:09:16 AM PDT by E. Pluribus Unum
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To: bantam
Can they cut off electricity to Bloomberg?
9 posted on 09/21/2023 10:10:37 AM PDT by ActresponsiblyinVA
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To: JV3MRC

Short Stuff should be funding the build-out of Nuclear Plants.


10 posted on 09/21/2023 10:15:57 AM PDT by Paladin2
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To: E. Pluribus Unum

RE: Meanwhile, India and China are building one new coal plant a week.

True.

By the way, what is the whiny excuse given by Dems for that?

I’m talking about the climate change fetishist voters pushing for EVs and no gas stoves. Friends, neighbors, relatives.


11 posted on 09/21/2023 10:21:52 AM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: Paladin2

Yes he should, but the Liberals opposed nuclear power.

It does seem ironic with nuclear, that the Liberals oppose nuclear, even though nuclear plants produce zero of the dreaded greenhouse gases.


12 posted on 09/21/2023 10:22:53 AM PDT by Dilbert San Diego
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To: JV3MRC

How do we make steel and build ships etc. without coal?

Use inferior steel made in China?


13 posted on 09/21/2023 10:23:15 AM PDT by Maine Mariner
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To: Dilbert San Diego

I’m not at all a fan of coal except for metallurgical uses and possible other Industrial uses that I’m unaware of.


14 posted on 09/21/2023 10:28:00 AM PDT by Paladin2
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To: JV3MRC
WILL NO ONE STOP THIS INSANITY?
15 posted on 09/21/2023 10:28:38 AM PDT by rlmorel ("If you think tough men are dangerous, just wait until you see what weak men are capable of." JBP)
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To: JV3MRC

Yet Bloomy was standing in line to kiss Z’s ass and offer to rebuild Ukraine.....


16 posted on 09/21/2023 10:32:53 AM PDT by G Larry (It is RACIST to impose SLAVE WAGES on LEGAL Immigrants by importing Cheap ILLEGAL Labor!)
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To: JV3MRC

How far can this go before it’s prosecutable Tortuous Interference with contractual business? At some point, the game becomes one of the campaign content getting to, and souring relations with, the third parties the coal industry is partnered with, and relies upon.

It seems to that, when this occurs, it’s evidential that the third party decision to terminate relations arises directly out of the meddling of the media campaign. Asking “Mr. CEO, what was the impetus for you to break off contractual relations with the coal mine?” all you need in answer is, “I received negative information from [meddling, Bloomberg-funded source] that I felt impelled to act upon,” to expose the mechanism of harm.


17 posted on 09/21/2023 10:41:12 AM PDT by HKMk23 (https://youtu.be/LTseTg48568)
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To: Red Badger
Bloomberg, Soros, Mayorkas, Garland Garfinkel…
18 posted on 09/21/2023 10:42:59 AM PDT by thegagline (Sic semper tyrannis! Goldwater in 2024)
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To: JV3MRC

A rich man north of Richmond....


19 posted on 09/21/2023 10:50:16 AM PDT by Aria
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To: Red Badger

Murderous.


20 posted on 09/21/2023 10:52:25 AM PDT by 9YearLurker
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