Bloomberg Pledges $500 Million to End Coal

$500 million

Michael Bloomberg “will donate $500 million to a new campaign to close every coal-fired power plant in the United States and halt the growth of natural gas,” the New York Times reports. “The new campaign, called Beyond Carbon, is designed to help eliminate coal by focusing on state and local governments. The effort will bypass Washington, where Mr. Bloomberg has said national action appears unlikely because of a divided Congress and a president who denies the established science of climate change.”

The Coal Industry Employs Fewer People than Arby’s

76,572

Number of people employed in the coal industry in 2014, the latest year for which data is available, reports the Washington Post. “Although 76,000 might seem like a large number, consider that similar numbers of people are employed by, say, the bowling (69,088) and skiing (75,036) industries… Looking at the level of individual businesses, the coal industry in 2014 (76,572) employed about as many as Whole Foods (72,650), and fewer workers than Arby’s (close to 80,000), Dollar General (105,000) or J.C. Penney (114,000). The country’s largest private employer, Walmart (2.2 million employees) provides roughly 28 times as many jobs as coal.”