Bloomberg Offers $15M U.N. Donation to Compensate Loss from U.S. Paris Accord Withdrawal

"We’re going to do everything America would have done if it had stayed committed," said Bloomberg, on behalf of a growing coalition of politicians and business leaders.

Former New York City mayor and media mogul Michael Bloomberg said his organization Bloomberg Philanthropies, along with a group of partners, has offered to donate up to $15 million to the United Nations to make up for the loss suffered from President Trump's decision to withdraw the U.S. from the Paris climate agreement.

The New York Times reports that Bloomberg is part of a coalition made up of American city and state politicians, business leaders and university presidents. The group is reportedly preparing a plan that will pledge to meet the United States' greenhouse gas emissions targets under the Paris accord.

"We’re going to do everything America would have done if it had stayed committed," Bloomberg told the Times.

In a draft letter to the U.N.'s secretary-general, Bloomberg wrote, "While the executive branch of the U.S. government speaks on behalf of our nation in matters of foreign affairs, it does not determine many aspects of whether and how the United States takes action on climate change."

He continued, "The bulk of the decisions which drive U.S. climate action in the aggregate are made by cities, states, businesses and civil society. Collectively, these actors remain committed to the Paris accord."

Democratic governors from Washington, New York and California have also stated they are putting together an alliance of states who are committing to uphold the climate change agreement.