Michael Bloomberg

Michael Bloomberg tackles climate change instead of 2020 presidency

Close up of Michael bloomberg
Photo: Steve Pope/Getty Images

You may have read by now that Michael Bloomberg isn't running for president, but I'm more interested in something he is doing: expanding his climate campaign to fight oil-and-gas.

Where it stands: The billionaire activist announced something called the "Beyond Carbon" campaign yesterday. It's an expansion of his longstanding work with the Sierra Club to shut down coal plants via an effort called "Beyond Coal," a campaign that will also continue.

Michael Bloomberg says he will not run for president in 2020

Michael Bloomberg. Photo: Scott Eisen/Getty Images

Michael Bloomberg will not run for president in 2020, the former New York City mayor announced in a column on his namesake website.

Details: Bloomberg acknowledged "the difficulty of winning the Democratic nomination in such a crowded field," and said that the best way for him to help the country would be to double down on his efforts to combat climate change and gun violence. He also cautioned that allowing the Democratic primary process to "drag the party to an extreme" could help Trump win re-election, echoing a sentiment expressed by fellow billionaire centrist Howard Schultz.

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