![]() While Bloomberg may not be a Trump-supporting coal baron, he pushes a vision that keeps us locked into fossil fuels and celebrates the very market forces that drive the climate crisis.īloomberg is a big advocate of fracking and the expansion of natural gas infrastructure. If we’re looking for big climate leaders, he falls woefully short. Bloomberg is an unapologetic advocate of drilling and fracking who almost certainly has large chunks of his billions invested in oil and gas. In a nation that celebrates Bruce Wayne and Tony Stark as wealthy superheroes who can swoop in to save the day, many hold similar hopes for Bloomberg and the climate – that, through his sheer genius and massive fortune, he can knit together the right policy fixes and enough global influencers to save the planet without disrupting – maybe even helping – global capitalism.īut celebration and praise of Bloomberg as a climate leader should be met with due caution, if not outright scorn. He built his fortune through Bloomberg LP, a financial information and media corporation he founded in 1981, and in which he maintains an 88% stake. Bloomberg chairs the board of C40, a summit advisory committee member, and a host of other players tied to the summit partner with or accept funds from Bloomberg’s philanthropic and business empires.īloomberg is worth $ 53.2 billion, which makes him the world’s 11th richest person. The summit was first announced at the 2017 Bloomberg Global Business Forum, and Bloomberg Philanthropies is a sponsor. ![]() Bloomberg is a key figure driving the event, which is happening next week in San Francisco. ![]() Now Bloomberg is adding a new line to his resume: co-chair of Jerry Brown’s upcoming climate summit. Along with California Governor Jerry Brown, Bloomberg co-chairs America’s Pledge, dedicated to “helping America reach its Paris climate goals.” He even offered to cut a check to cover the U.S.’s $4.5 million commitment to the Paris Climate Agreement after Trump pulled out. He co-authored a book – Climate of Hope, it’s called – with the former longtime head of the Sierra Club. He skips across the globe as the UN’s special envoy for climate action. Headlines that tout him as a green visionary adorn the pages of the New Yorker and Vanity Fair. Michael Bloomberg is often sold to people as a climate hero. Michael Bloomberg, Global Climate Action Summit Co-Chair (Photo: Ralph Alswang/Flickr)
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