Former New York City Mayor Michael Bloomberg just pledged to personally cover the $4.5 million bill that the United States is obligated to contribute as part of the Paris climate agreement. In doing so, Bloomberg is picking up the slack for Donald Trump, who dramatically withdrew the United States from the Paris agreement in 2017. “America made a commitment and as an American, if the government’s not going to do it, we all have responsibility,” said the former Republican NYC mayor on CBS’s Face the Nation.
Bloomberg, who has amassed a $50 billion fortune through his financial services, mass media, and software company Bloomberg L.P., has occasionally appeared on speculative lists of candidates for President of the United States. Still, the former mayor of the most populous city in the United States said that the likelihood of a Bloomberg 2020 campaign was “not very high.” When asked whether his actions served to fill a leadership gap in Washington, Bloomberg replied that he was simply serving the public interest “Well, I think that this is what the American public when you poll them say they want to do,” he explained.
Despite his apparent disinterest in presidential politics, Bloomberg did have a few words of wisdom for President Trump. “He should change his mind [on the Paris climate agreement] and say look there really is a problem here,” said Bloomberg. “America is part of the problem. America is a big part of the solution and we should go in and help the world stop a potential disaster.” Bloomberg has not committed to providing the funds necessary under Paris beyond 2018. He hopes that Trump will have changed his mind by then.
Via The Guardian