Following today's announcement of a Bloomberg Philanthropies donation of $50 million to the Sierra Club's Beyond Coal campaign, environmental news website Grist offered its take on the issue:
It's good for a couple of reasons. First, it demonstrates Bloomberg's eye for performance. He realizes national politics is paralyzed so he's investing in what's working. Sierra Club's anti-coal campaign is one of the few national environmental initiatives to have substantial success in the last five years, blocking 153 coal plants and counting. And that was done while most of the establishment money and attention were going to the climate-bill effort. The anti-coal movement was bootstrapped and genuinely grassroots.