Newsdeck

Michael Bloomberg to write $4.5 million check for Paris climate pact

By Reuters 23 April 2018

Former New York mayor and billionaire Michael Bloomberg said on Sunday he will write a $4.5 million check to cover this year's U.S. financial commitment to the Paris Climate Agreement.

President Donald Trump last year pulled the United States out of the pact, making the country the only one opposed to it.

Bloomberg, in a CBS interview, said he hopes by next year Trump will have changed his mind.

Bloomberg will continue to provide money for the pact if the United States does not rejoin the agreement, according to a news release from Bloomberg Philanthropies, the charity he founded.

“Our foundation will uphold our promise to cover any cuts to UN climate funding by the federal government,” Bloomberg said in the statement.

Trump staunchly opposes the agreement and his administration has rolled back a number of environmental regulations. DM

Gallery

While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.


Election 2019

Maimane takes hardline on illegal immigration at DA’s 2019 campaign manifesto launch

By Ferial Haffajee

Adolf Hitler was the first European leader to ban human zoos.