Wednesday, April 8, 2015

Bloomberg, Sierra Club -- War On Coal -- April 8, 2015

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The Huffington Post is reporting:
The Sierra Club and Michael Bloomberg are upping the ante in their effort to close down coal-fired power plants, announcing on Wednesday another $60 million in funding for their anti-coal campaign. The Sierra Club is also raising its target for coal plant closures, setting a goal to close half of all coal plants in the U.S. by 2017.
The group’s previous goal, set in 2011, was to close a third of coal plants by 2020. So far, the organizers have claimed victory on 187 plants, all of which have closed or are slated for closure in the near future. If successful, the Sierra Club wants to see 166,000 megawatts of coal-fired power shut down or slated for closure in the U.S. in the next two years. Coal plants are responsible for about 40 percent of U.S. greenhouse gas emissions, which scientists have found are causing climate change.
Bloomberg, the former mayor of New York whose philanthropy donated $50 million to Sierra Club's anti-coal work in 2011, announced another $30 million in support for the campaign on Wednesday. About a dozen additional donors such as the Hewlett Foundation, the John D. and Catherine T. MacArthur Foundation and the Grantham Foundation have pledged another $30 million to the effort. 
All good news for natural gas investors.

Solar energy accounted for zero percent of US energy consumption in 2014. 

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