Mike Bloomberg Announces He'll Spend $500 Million To Shut Coal Plants, Tackle Climate Crisis

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Mike Bloomberg Announces He'll Spend $500 Million To Shut Coal Plants, Tackle Climate Crisis
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Billionaire entrepreneur and philanthropist Mike Bloomberg is working to move the U.S. away from oil and natural gas and toward renewable energy

article that details his aims, including shutting down every coal-fired power plant in the U.S. and stopping the growth of natural gas. on Bloomberg.com, the business news organization he owns. He described it as “a grassroots effort to begin moving America as quickly as possible away from oil and gas and toward a 100 percent clean energy economy.

He rose to prominence as a cofounder and head of financial information and media company Bloomberg LP, which he started in 1981. Bloomberg still owns 88% of the business, which accounts for a large portion of his fortune.ranked him the ninth-richest person on the annual World’s Billionaires list published in March. He’s currently worth an estimated $55.

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