Enemies of Energy: Michael Bloomberg
Editor’s note: The following is an excerpt from Enemies of Energy, a research report created for the Capital Research Center. The page for the full report is here: Enemies of Energy.
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Donor type: direct grant maker
A September 2023 New York Times report offered this summation of local billionaire Michael Bloomberg: [i]
Michael Bloomberg is many things: former New York City mayor, founder of a financial data company, failed presidential candidate and the 11th richest man in the world.
Since leaving public office 10 years ago, Mr. Bloomberg, 81, has also emerged as perhaps the world’s single largest funder of climate activism, making himself an expensive thorn in the side of the fossil fuel industry. The former mayor says that so far he has spent $500 million in an effort to shut down coal and gas plants. This month he said he planned to spend another $500 million on the effort. [ii]
As of March 2026, Forbes estimated Bloomberg’s net worth at $109.4 billion—now good for 13th on the Forbes 400 list of richest Americans and 18th on the Forbes ranking of world billionaires.[iii]
Bloomberg’s major giving platform has been Bloomberg Philanthropies (previously the Bloomberg Family Foundation). The grants reported by his foundation demonstrate that Bloomberg has been living up to his pledge to send a billion bucks to the nonprofits seeking to shut down America’s major sources of energy.
The most recent publicly available IRS filing from Bloomberg Philanthropies covers grants paid during 2024. The report shows at least $24.2 million in cumulative grants to five of the fifteen anti-energy NGOs profiled earlier in this report: [iv]
- Earthjustice: $8.5 million
- Environmental Defense Fund: $6 million
- Rocky Mountain Institute: $4.7 million
- World Resources Institute: $4.3 million
- Natural Resources Defense Council: $767,000
The IRS filing also shows cumulative grants of $9 million sent during 2024 from Bloomberg Philanthropies to three of the pass-through donors to anti-energy NGOs profiled in this section. [v]
- U.S. Energy Foundation: $8 million
- Windward Fund: $1 million.
The total grants for 2024 reported by Bloomberg to either the anti-energy NGOs profiled earlier in this report, or the other anti-energy donors profiled later on this list exceeded $33.2 million. [vi]
Future filings may reveal even larger commitments to the anti-energy NGOs from Bloomberg. The 2024 IRS filing includes a section for grants that have been “approved for future payment,” and one of the line items is a $20.4 million grant approved for the Environmental Defense Fund. [vii]
[i] Gelles, David. “Michael Bloomberg Dials Up a War on Plastics.” New York Times. September 20, 2023. Accessed March 27, 2026. https://web.archive.org/web/20231001041040/https://www.nytimes.com/2023/09/20/climate/michael-blooomberg-climate-petrochemicals.html
[ii] Gelles, David. “Michael Bloomberg Dials Up a War on Plastics.” New York Times. September 20, 2023. Accessed March 27, 2026. https://web.archive.org/web/20231001041040/https://www.nytimes.com/2023/09/20/climate/michael-blooomberg-climate-petrochemicals.html
[iii] “Michael Bloomberg.” Forbes | Real time net worth. Accessed March 27, 2026. https://www.forbes.com/profile/michael-bloomberg/?sh=4e8bbada1417
[iv] Bloomberg Family Foundation Inc, (EIN: 20-5602483). 2024 IRS Form 990. Accessed April 6, 2026. https://projects.propublica.org/nonprofits/organizations/205602483/202503189349103700/full
[v] Bloomberg Family Foundation Inc, (EIN: 20-5602483). 2024 IRS Form 990. Accessed April 6, 2026. https://projects.propublica.org/nonprofits/organizations/205602483/202503189349103700/full
[vi] Bloomberg Family Foundation Inc, (EIN: 20-5602483). 2024 IRS Form 990. Accessed April 6, 2026. https://projects.propublica.org/nonprofits/organizations/205602483/202503189349103700/full
[vii] Bloomberg Family Foundation Inc, (EIN: 20-5602483). 2024 IRS Form 990. Accessed April 6, 2026. https://projects.propublica.org/nonprofits/organizations/205602483/202503189349103700/full
Source: https://capitalresearch.org/article/enemies-of-energy-michael-bloomberg/
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