Michael Bloomberg’s Bloomberg Philanthropies has joined forces with the Canadian and British governments to help end coal mining. The businessman and former Mayor of New York is the UN’s special envoy for climate change and has criticised the idea that governments can have an impact on climate policies, arguing that companies are concentrating on environmental safeguards because employees and shareholders are insisting. A particular worry is countries that subsidise coal, he said. Bloomberg Philanthropies has spent eighty per cent on anti-coal campaigns and he said the next target is the “terrible bunker oil” used by the shipping industry.
Michael Bloomberg’s Bloomberg Philanthropies has joined forces with the Canadian and British governments to help end coal mining. The businessman and former Mayor of New York is the UN’s special envoy for climate change and has criticised the idea that governments can have an impact on climate policies, arguing that companies are concentrating on environmental safeguards because employees and shareholders are insisting. A particular worry is countries that subsidise coal, he said. Bloomberg Philanthropies has spent $125m on anti-coal campaigns and he said the next target is the “terrible bunker oil” used by the shipping industry.