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Bloomberg pledges $64M to retire coal power plants

WASHINGTON – Michael Bloomberg pledged an extra $64 million Wednesday to retire coal-burning power plants and dramatically reduce carbon emissions.

The contribution to the Sierra Club and other environmental groups comes the same week the Trump administration declared the war on coal is over and said it would withdraw from a 2015 Obama-era environmental effort to curb greenhouse emissions, known as the Clean Power Plan.

The plan would have set pollution standards on power plants, but was held up in court battles.

“The Trump Administration has yet to realize that the war on coal was never led by Washington – and Washington cannot end it,” said Bloomberg, who served as New York City’s mayor between 2002 and 2013.

“It was started and continues to be led by communities in both red and blue states who are tired of having their air and water poisoned when there are cleaner and cheaper alternatives available.”

The donation from Bloomberg Philanthropies will support the Sierra Club’s Beyond Coal campaign that aims to replace coal-fired plants through local and state activism.

Even though President Trump announced the US will withdraw from the Paris climate deal, environmentalists believe the goals of reducing emissions by 26 percent below 2005 levels by 2025 can still be achieved.

The Beyond Coal movement said it already secured commitments to retire 11 coals plants in 2017.

It’s just a few plants away from securing commitments from half of America’s coal fleet.

Bloomberg’s contributions to the campaign are now up to $164 million since 2011.

“The war on coal is saving tens of thousands of lives,” Bloomberg said.

Source: http://nypost.com/2017/10/11/bloomberg-pledges-64m-to-retire-coal-power-plants/

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