Mayor Bloomberg gives $50 million to fight coal-fired power plants

The Washington Post reports:

New York Mayor Michael R. Bloomberg will donate $50 million to the Sierra Club to support its nationwide campaign to eliminate coal-fired power plants.

Sierra Club executive director Michael Brune described the gift from Bloomberg Philanthropies, which will be spread out over four years, as “a game-changer, from our perspective.” The group will devote the money to its “Beyond Coal” campaign, which has helped block the construction of 153 new coal-fired power plants across the country since 2002.

Mayor Bloomberg using a tax-exempt philanthropy to limit the supply of energy. No word yet on whether Mayor Bloomberg is long new "green" companies. Also, no word yet on whether Bloomberg is short coal burning stocks.