Michael Bloomberg on January 29, 2019 in Nashua, New Hampshire. Photo: Scott Eisen/Getty Images

Billionaire and former New York mayor Michael Bloomberg is putting $500 million into his new "Beyond Carbon" campaign, which aims to wean the U.S. off coal and halt construction of new natural gas-fired power plants.

The big picture: The push to help create a "100% clean energy economy" will devote resources to state and local efforts, Bloomberg said via his philanthropy.

  • A major goal of the campaign, which builds on his "Beyond Coal" work with the Sierra Club, is closing all U.S. coal plants by 2030.

But, but, but: As I noted when Bloomberg teased the new campaign in March, battling gas — which has gained ground in power markets at coal's expense —could be even tougher.

Where it stands: The campaign will also focus on low-carbon transit, EV deployment, climate-friendly manufacturing and emissions from buildings, the announcement states.

Go deeper: Why the U.S. coal industry is choking

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 12,009,301 — Total deaths: 548,799 — Total recoveries — 6,561,969Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 3,053,328 — Total deaths: 132,256 — Total recoveries: 953,420 — Total tested: 37,532,612Map.
  3. Public health: Houston mayor cancels Republican convention over coronavirus concerns Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  4. Travel: United warns employees it may furlough 45% of U.S. workforce How the pandemic changed mobility habits, by state.
  5. Education: New York City schools will not fully reopen in fallHarvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.

Transcripts show George Floyd told police "I can't breathe" over 20 times

Photo: Gary Coronado/Los Angeles Times via Getty Images

Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

7 hours ago - Health

Fighting the coronavirus infodemic

Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.