News Exercise #286

1. According to the presenter, what is the situation with wealthy people and corporations?
2. How does Bloomberg himself describe the purpose of the fund?
3. What is important in the phasing out of coal?
4. Towards the end, the presenter said, “Let’s be clear…” before describing the necessary factors of imposing a carbon-free future. What things did he list?

Answers:

1. According to the presenter, what is the situation with wealthy people and corporations?
   They have so much money that they literally don’t know what to do with it.
2. How does Bloomberg himself describe the purpose of the fund?
   He said that it was to launch a new national climate initiative.
3. What is important in the phasing out of coal?
   It’s important to do it as quickly as possible, and that coal is not replaced by more use of gas, because it, too, is a fossil fuel.
4. Towards the end, the presenter said, “Let’s be clear…” before describing the necessary factors of imposing a carbon-free future. What things did he list?
   Enormous grassroots mobilisation, organisation, agitation, political leadership and technological change.