Michael Bloomberg Pays $4.5M To Cover U.S. Commitment To Paris Climate Pact

Image by getty images

By Yasmeen Abutaleb April 22, 2018

WASHINGTON (Reuters) – Former New York mayor and billionaire Michael Bloomberg said on Sunday he will write a $4.5 million check for this year’s U.S. financial commitment to the Paris Climate Agreement.

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

Bloomberg, in a CBS interview, did not commit to provide funds beyond this year and said he hopes by next year Trump will have changed his mind.

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

A message from our CEO & publisher Rachel Fishman Feddersen

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

The coming year promises to be filled with more complex and historic developments. We are entering an era where independent, fact-based Jewish journalism will be more important than ever. We need to be ready for whatever 2025 will bring, and with your help, we can be.

We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.

If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.

— Rachel Fishman Feddersen, Publisher and CEO