Former New York City mayor Michael Bloomberg announced that he will not be running for President of the U.S. in 2020. Instead, he is going to put his energy into a new grassroots campaign called Beyond Carbon, which aims to move the U.S. towards clean energy. His central goal is to shut down every coal-fired power plant across the nation by 2030.

Bloomberg announced the news in an opinion piece he wrote for Bloomberg, the news website that he co-founded. As he explained in the essay, in 2011, he and Bloomberg Philanthropies partnered with the environmental organization the Sierra Club on the Beyond Coal campaign. Beyond Coal is an initiative with a goal “to end America’s reliance on dirty coal and shift the U.S. Power sector to a cleaner future,” as per the Bloomberg Philanthropies website.

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