(Reuters link)

Former New York City Mayor Michael Bloomberg announced on Wednesday he will pump $500 million into the next phase of his energy transition campaign, aiming to shut down "every last" coal plant in the United States and slash gas-fired capacity in half by 2030.

The $500 million infusion into his decade-long Beyond Carbon initiative aims to "finish the job on coal" by working with state and local organizations to force the closure of the roughly 150 coal plants that have not yet retired, slash current gas generation in half and block the construction of new gas-fired plants.

Bloomberg already has spent over $500 million to support the Sierra Club's Beyond Coal campaign, which originally aimed to retire 30% of the U.S. coal fleet by 2020. The campaign ended up accelerating the retirement of over 60% of coal plants by that year and putting $85 million toward a similar mission to fight the expansion of petrochemical plants in the U.S.

"By working with our partners across the country, we hope to transform the way we power America by moving beyond fossil fuels and replacing them with renewable energy," said Bloomberg, who is the U.N. Special Envoy on Climate Ambition and Solutions.

The money would support litigation brought against utilities and power companies by grassroots groups, state and local policy advocacy and financing to assist local communities with coal plant closures, Bloomberg Philanthropies said.

U.N. Secretary-General Antonio Guterres told a climate summit at the annual high-level U.N. General Assembly that time was running out to tackle climate change, thanks in part to the "naked greed" of fossil fuel interests.

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There's nothing nice I can say about this guy.

Hey Bloomberg, eat a bag of dicks.

So none of the money is actually going to generate power using alternative means? Wtf? Idiots with money are a bane on society.

Let him throw away his money. Some old dead guy once said to never interrupt your enemy when he's making a mistake.

quote:

Originally posted by egregore:
Some old dead guy once said to never interrupt your enemy when he's making a mistake.

Yep. Shemp Howard.

They are already doing damage to fossil fuel electrical generation assets .

So his plan is to use the fine and honest law profession to beat these companies into submission. Nice.

Why is it that guys like Jimmy Buffet die but assholes like Bloomberg and Soros live forever?

Keep it up Bloomie - the Molly Maguires will visit you soon enough..............

So where’s the lectrcity for all those electric cars supposed to come from? Hamsters running on wheels?

So in an effort to 'Save the Planet' by eliminating fossil fuels, and forcing everyone to buy EVs, they're plan (goal?) is to eliminate electricity...At least in the U.S. anyway!

quote:

Originally posted by konata88:
So none of the money is actually going to generate power using alternative means? Wtf? Idiots with money are a bane on society.

The EV tech isn't there to be mainstream, neither is solar, they work but they not not efficient or affordable enough, and charging points will take decades to catch up to allow the demand of a 100% EV fleet.

So how do you move your agenda forward, force governments to impliment local rules, build infrastructure, companies to change power source?

You eliminate the alternatives, make getting the raw fuel so expensive it makes EV's seem like a reasonable deal.

We get Trump in office, and R congress and get them to do good laws on oil and gas, open up Anwar, Keystone and other fuel sources not in an EO and this stuff ends.

$2 gas makes EV's sit on lots and unaffordable alternative.

quote:

Originally posted by HRK:

We get Trump in office

From your lips to God's ear.

quote:

By working with our partners across the country, we hope to transform the way we power America by moving beyond fossil fuels and replacing them with renewable energy," said Bloomberg

So tell me, asshole, where is all this 'renewable' energy coming from, EXACTLY? Show us, dipshit! How about a plan for that, first, before you implement a plan to take down coal and gas?

quote:

Originally posted by smschulz:
So his plan is to use the fine and honest law profession to beat these companies into submission. Nice.

Pretty much.
Much easier to just throw money towards eager law firms who will file lawsuit after lawsuit at them, tie-up any activity in the courts and drain their coffers until they're forced to close. Law students get tracked into clerking and interning at these firms, these firms are most favored amongst the intelligencia and those law students rapidly advance up the rung in their careers, meanwhile T14 schools continue to maintain their ties with influential benefactors.

Or they could spend it lobbying to streamline the application process for modern nuclear plant designs…

The people pushing this know full well that destroying energy production will have catastrophic consequences for everyone but the elitists behind it. They will be insulated from the obvious breakdown that will occur from crashing the grid, isolating huge population densities with dwindling food/resources, etc. I guarantee that if we peons can see it and figure it out, they are fully aware. They have the financial means to ride it out. It obviously has nothing to do with the “saving the planet” nonsense.

He should build a nuke plant.

What is wrong with these people, they can't seriously be that stupid. I spend a LOT of time reading about alternative energy, battery storage, and energy efficiency because it's an interest of mine. The green stuff just can't scale up yet.

Capitalism is driving us there, as innovations happen we will naturally transition to greener and more efficient power sources. If we rush it, we will end up with unaffordable junk products and infrastructure that will just need to be torn down and replaced with better more effective and cost efficient infrastructure which will create more pollution and wasted resources. This what capitalism does, we will one day see fusion plants with Shell/Exxon/BP stamped on the sides of the buildings. Energy companies want to sell energy and I'm sure they'd love to sell more expensive energy for more profits.

Stop being idiots and work on your fucking patience. NO ONE wants an inhabitable planet. Mankind is smart and resilient we will do it when the economics and technology align.

China and India are the worlds largest users of coal, and China is building coal fired power plants at an exponentially growing rate.

( See China, India and USA on this chart
https://docs.google.com/spread...w/edit#gid=647531100 )

Bloomberg (and his contemporaries) is (are) neither stupid nor ignorant.

So what is really going on here?