The problem with billionaires fighting climate change is the billionaires
It’s great that philanthropists are pouring money into environmental causes. But it would be better for the planet if billionaires didn’t exist at all In a flashy press conference this week, Michael Bloomberg announced that he’s spending $500m to help the United States move closer to a carbon-neutral future. We should be very grateful that Bloomberg isn’t running for president: the money he’s pouring into Beyond Carbon will fund some great and necessary work, like his injection into the Sierra Club’s Beyond Coal campaign several years back. But it would be much better for the planet if billionaires like him didn’t exist at all.
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