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September 15, 2020


Bloomberg Philanthropies and the Sierra Club today announced that the U.S. Beyond Coal campaign has successfully retired 60% of domestic coal-fired power plants – 318 out of 530 plants, to date. 

This milestone doubles the original goal, set in 2011, which pledged to retire 30 percent of the nation’s coal fleet by 2020 and accelerate the United States’ transition to a clean energy economy.

The campaign — in which Bloomberg Philanthropies has invested more than $174 million — is on track to retire all coal plants by 2030.

Shifting from coal to renewable energy has created new job opportunities, as well. The coal industry, which has been declining, now employs just 160,000 workers, less than a quarter of the number of Americans who work in the renewable energy industry.

“When we set out to help transition the United States to a 100% clean energy economy by ending our dependence on coal, there were many naysayers – and when Donald Trump became president, they said it was impossible," Mike Bloomberg said. 

“This milestone shows us how far we’ve come – but also how much farther we could go with the federal government leading the charge, which is why this upcoming election is a pivotal moment in the fight against climate change.”

Added Mary Anne Hitt, the Sierra Club’s National Director of Campaigns, "This landmark closure — 60% of U.S. coal-fired power plants — is a resounding victory that would not have been possible without our broad coalition of activists, policymakers, and climate champions.”

 
Read the full announcement
 

Mike Bloomberg: 'Some Leaders Have Their Head in the Sand' on Climate Change.

 
America’s Pledge — an initiative to quantify the actions of U.S. cities, states, businesses, and local groups who are committed to helping America reach its Paris Agreement climate goals — issued its fourth report on Monday, announcing that if the U.S. federal government aggressively reengages in the climate fight by 2021, America would be able to reach net zero emissions by 2050.
 
“In an ideal world, national governments would be leading the charge in this fight. But as we’ve seen here in the U.S. these past few years – some leaders have their head in the sand when it comes to climate change," Mike Bloomberg said Monday in kicking off the five-day Bloomberg Green Festival.

"The more we galvanize cities, states, and businesses to act on climate change, the more progress we can make."
 
More Climate Headlines:

Climate Speech:
 Joe Biden Blasts 'Climate Arsonist' Trump As Fires Rage Across the Western U.S. (ABC News)

"If you give a climate arsonist four more years in the White House, why would anyone be surprised if we have more of America ablaze?" Biden said.

Referring to the Trump campaign's messaging about the safety of suburbs, Biden said, "You know what is actually threatening our suburbs? Wildfires are burning the suburbs in the West, floods are wiping out suburban neighborhoods in the Midwest."


"Once again, he fails the most basic duty to a nation. He fails to protect us from the pandemic, from an economic freefall, from racial unrest, from the ravages of climate change. It's clear that we're not safe in Donald Trump's America. This is Donald Trump's America. He's in charge," Biden said.

California Wildfires: Blazes Have Burned An Area Almost the Size of Connecticut (CNN)

Hurricane Sally: U.S. Gulf Coast At Risk of 'Life-Threatening' Flooding from Slow-Moving Storm (Washington Post)

All the President's Deniers: Trump Hires Climate Science Denier At National Oceanic and Atmospheric Administration (NPR)

Climate of HopeEnd of Combustion Engine Moves Closer With EU Climate Plan (Bloomberg)

 

2020 Election Watch.


Florida, Florida, Florida: Inside the Tight Presidential Race in Florida As Biden Visits Today (New York Times)

The Democratic party received some good news over the weekend when Mike Bloomberg vowed to spend $100 million in Florida to help Joe Biden win there.

Plus: Presidential historian Jon Meacham weighed in on MSNBC's 'Morning Joe' on Mike Bloomberg's investment in the Florida race: 

"Mike Bloomberg, he is a data-driven guy. Could there be any more opposite an example of a political sensibility in the age of Trump than someone who is data-driven?" Meacham said.


Top Trump Aide Falsely Alleges ConspiraciesDepartment of HHS Executive Michael Caputo Warns of Armed Revolt After the Election (New York Times)

Michael Caputo told a Facebook audience without evidence on Sunday that left-wing hit squads were being trained for insurrection and accused C.D.C. scientists of “sedition.”

Cash Crunch Continues: Trump Campaign Slashes Ad Spending in Battlegrounds of Michigan and Pennsylvania (Bloomberg)

Former Trump Economic Adviser Gary Cohn: ‘I Honestly Haven’t Made Up My Mind’ on 2020 Vote (Politico)

Lock Him Up? Trump Could Be on Trial Sooner Than You Think (New York)

NRA in CrisisNRA's Political Influence Dwindling Ahead of Election, Spent $9 Million This Year vs. $54 Million in 2016 (Axios)

"If you look over the last several years, the NRA has fallen from maybe perhaps the most powerful political group in America to an organization that's on the brink of dissolution," said John Feinblatt, president of Everytown for Gun Safety, the non-profit founded and funded by Mike Bloomberg. 
 

Analysis: Biden Spends Eight Times More Than Trump on Snapchat.


My favorite new read is now available to the public. More Data is the political newsletter from Hawkfish written by James Owens. It started as an internal report but they’re dropping the paywall in the run up to Election Day. Get it now

From today's newsletter: 


Most digital spending occurs on Facebook and Google, but campaigns are increasingly turning to Snapchat to reach voters.

This is especially true for efforts to reach the roughly 24 million Gen Z voters — about half of whom use the platform. As part of that effort, Biden has spent $748,000 on the platform this year — more than eight times Trump's $59,000. Biden's larger investment has in turn generated more than seven times the impressions — 131 million to Trump's 18 million.

Biden also does significantly more audience targeting than Trump. Leveraging Snap's demographic- and interest-based targeting features, Biden directs ads at multiple audience segments. This includes targeting groups such as "green living enthusiasts," CNN and MSNBC viewers, vegans, and blue collar workers — users the Biden campaign targets at the level of individual zip codes.

Trump, on the other hand, does no interest-based targeting and serves most of his ads at the state level — targeting zips for only three ads. This leaves his audience segments far less developed than those from Team Biden.

Even as Biden and Trump increase their use of Snap, the candidate who’s advertised the most on Snapchat is still Mike Bloomberg. His campaign generated 121 million impressions behind more than $1 million in spending.

Mike's ad from Feb 8th seems especially relevant now:
 

The Return to Work.

 
Gen ZZZ: At JPMorgan, Productivity Falls for Younger Employees Working from Home — Especially Mondays and Fridays (Bloomberg)

D.C. Survey: Majority of Washington Workers Unlikely to Return to Office Before Next Summer (Washington Post)

Help Wanted: Amazon Hiring 100,000 New Employees in U.S. and Canada (Bloomberg)

Pay CutsTwitter and Other Tech Companies May Adjust Salaries of Those Leaving Bay Area (Bloomberg)
 

What I'm Reading.


W.H.O. New Global RecordHighest Daily Rise in New Covid Infections: 308,000 on Sunday (BBC News)

UN General Assembly Starts TodayGroup Approves Wide-Ranging Pandemic Resolution As It Kicks Off 75th Session (Washington Post)

Today in Disinformation: Russia's Hacking Tactics Have Evolved Since 2016, While Americans Help Spread Doubts About the November Election (Politico)

'A Friend is in Trouble': Putin Backs Belarus As An Ally With $1.5 Billion Loan, Warm Words at Crisis Talks (Politico)
 
Israel Protests: Crowds March Against Prime Minister Netanyahu’s Pandemic Response (Associated Press)

Greece Update: Thousands of Migrants Face More Uncertainty After Asylum Seekers Burn Down Own Camp to Protest Covid Lockdown (New York Times)

Covid on U.S. CampusesWesleyan, Middlebury, Colby and Other Colleges That Reopened Right (Axios)

Markets Column of the Day: Betting on a V-Shaped Recovery, and Winning (Bloomberg Opinion — Matt Winkler)

Investor Cathie Wood's Disruptive Innovation, embracing artificial intelligence, DNA sequencing, robotics, energy storage and blockchain technology, already is proving transformational.

Tech Today: Apple to Debut New Apple Watches and iPad Air Today (Bloomberg)

Apple’s event will be notable for what won’t be unveiled: new iPhones. The pandemic disrupted final testing of new 5G models earlier this year and delayed the company’s ability to kick off mass production. Apple now plans to announce its four new iPhones in October, marking the latest iPhone announcement since 2011. Some of the phones could even ship later than the iPhone X, which went on sale Nov. 3, 2017.

Use Your Miles!: Delta Air to Follow United in Using Loyalty Program As Collateral to Back Debt (Bloomberg)

Life on Venus?: Astronomers See Potential Signs of Life in the Clouds of Venus (Chicago Tribune)
 
Hope for London Theatre: Shows 'Six' and 'Mousetrap' Announce Returns in November, Even as UK Coronavirus Cases Rise (New York Times) 
 

Best of Late Night.


On Donald Trump telling journalist Bob Woodward that he downplayed the threat of the virus despite knowing it was far more dangerous: 

"The problem with Trump’s admission to Bob Woodward is not that Trump wanted to keep people calm — it’s the downplaying the virus part. Crazy as it may seem, lots of people in America actually believe the things that President Trump says."
-- Trevor Noah

"President Trump called in to Fox News host Sean Hannity’s show and said he won’t read Woodward’s new book because he doesn’t have time to read it. Said the man on the phone talking to the TV show he was watching."
-- Seth Meyers

“The choices aren’t lie or panic. There’s a third option where you tell people the truth and then do something about it which would reassure everyone. But no, we elected the guy who put a piece of duct tape over the check engine light."
-- Seth Meyers

"Seriously, these tapes are really bad. Trump’s re-election prospects are sinking faster than a boat at a MAGA rally."
-- Jimmy Fallon

"I’d say at this point, Trump needs to give himself some hush money."
-- Jimmy Fallon

And finally, the Best of Satire:

P.A. System at Trump Rally Accidentally Blasts Bob Woodward Tapes (The New Yorker — The Borowitz Report)


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