And after Trump announced he would withdraw the United States from the Paris Climate Agreement to the United Nations Framework Convention on Climate Change (UNFCCC), billionaire former New York mayor Michael Bloomberg yesterday announced that his philanthropic foundation will cover the financial contribution the U.S. will not. According to Zack Budryk of The Hill, it will also provide the agreement’s reporting requirements for emissions associated with climate change.
“[P]hilanthropy’s role in driving local, state, and private sector action is more crucial than ever—and we’re committed to leading the way,” Bloomberg said.