NEW YORK (AP) – Democratic presidential candidate Michael Bloomberg has released a plan to eliminate all coal power plants and slow the expansion of the natural gas sector. It’s part of a sweeping policy to fight climate change that he says would cut carbon emissions across the U.S. economy by 50% over the first 10 years. The New York billionaire on Friday said his new plan is the first of several that would ultimately move the nation toward phasing out fossil fuels completely “as soon as humanly possible” – ideally before 2050. The plan is a sharp shift away from President Donald Trump’s moves to weaken environmental safeguards. But Bloomberg’s plan is not likely to win over his party’s loudest environmental activists. It stops well short of the goals of the so-called “Green New Deal.”
Bloomberg Looks To Limit Fossil Fuels
December 13, 2019 3:29 pm