Mike Bloomberg says Green New Deal 'stands no chance,' offers alternative plan

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Mike Bloomberg says Green New Deal 'stands no chance,' offers alternative plan
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Michael Bloomberg says he'll soon launch an initiative to create a 100-percent clean energy economy, offering an alternative to Rep. Alexandria Ocasio-Cortez's plan.

Former New York City Mayor Michael Bloomberg on Tuesday said he'll launch an effort to move the United States to 100-percent clean energy, claiming the Green New Deal proposed by Rep. Alexandria Ocasio-Cortez doesn't stand a chance on Capitol Hill.

"The idea of a Green New Deal — first suggested by the columnist Tom Friedman more than a decade ago — stands no chance of passage in the Senate over the next two years," Bloomberg said."But Mother Nature does not wait on our political calendar, and neither can we." But despite catching fire with many liberals and winning the endorsement of several Democratic presidential contenders, the Green New Deal faces significant opposition from within the party. Speaker Nancy Pelosi dismissed Ocasio-Cortez's call to establish a select committee to develop the Green New Deal and instead installed Rep. Kathy Castor to head a special panel on climate change.

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