Bloomberg pledges $1 million to back carbon fee initiative
Former New York City Mayor Michael Bloomberg has pledged $1 million to support Initiative 1631, the carbon fee measure on Washington's November ballot that oil companies are fighting with a $21 million war chest.
The announcement came Tuesday night, on the same day that Bloomberg, a former Republican, committed $20 million to helping Democrats recapture the U.S. Senate.
The billionaire Bloomberg is pondering a run for the White House in 2020.
"Cities and states are continuing to lead where Congress and the White House won't," Bloomberg tweeted. "Tonight I'm glad to announce I will pledge $1 million to support a state ballot initiative, led by Gov. Jay Inslee, that places a price on carbon."
https://www.seattlepi.com/local/politics/article/Bloomberg-pledges-1-million-to-back-carbon-fee-13276889.php?utm_source=newsletter&utm_medium=email&utm_campaign=dailynewsletterspi&utm_term=spi