• Former New York City Mayor Michael Bloomberg will spend another $500 million to continue his war against the coal industry.
  • Bloomberg will fund environmentalist campaigns at the state and local level to replace coal plants with wind and solar energy.
  • Conservative critics said Bloomberg’s campaign will kill thousands of jobs and leave communities devastated.

Former New York City Mayor Michael Bloomberg will spend $500 million to close every remaining U.S. coal-fired power plant and stop the expansion of natural gas.

Bloomberg will fund environmental activist lobbying campaigns in state legislatures, city councils and public utility commissions. Activists will demand officials replace coal plants with renewable energy, not natural gas.

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“We’re in a race against time with climate change, and yet there is virtually no hope of bold federal action on this issue for at least another two years,” Bloomberg said in a statement Thursday.

For Democratic politicians and environmentalists looking to make climate change the top issue in the 2020 elections, Bloomberg’s funding is most welcome. For conservatives and the coal industry, it’s a nightmare.

“This is about feeding the soldiers of the green left to affect the outcome of the 2020 elections,” Dan Kish, a distinguished senior fellow at the Institute for Energy Research, told The Daily Caller News Foundation.

Bloomberg will announce his “Beyond Carbon” plan during his commencement speech at the Massachusetts Institute of Technology. With this new spending, Bloomberg will have committed roughly $1 billion to the climate crusade since leaving the mayor’s office.

“This campaign will ensure that after the 2020 election, the next Administration inherits a country on its way to a 100 percent clean energy economy,” Bloomberg said.