Climate-related philanthropy in America has been hijacked by a radical agenda that will hurt the affordability, reliability, and resilience of the U.S. electric grid.

More proof of that hijacking came last month when mega-billionaire Michael Bloomberg announced that Bloomberg Philanthropies would give $500 million to the Beyond Carbon campaign. The goal of the effort is to shutter the bulk of our most important power plants — the ones that burn coal and natural gas and are therefore dispatchable and weather-resilient — and, in Bloomberg’s words, replace them with “renewable energy.”

The September 20 announcement quotes Bloomberg as saying the $500 million gift marks a “new chapter in the Beyond Carbon campaign, as we move to finish the job. By working with our partners across the country, we hope to transform the way we power America by moving beyond fossil fuels and replacing them with renewable energy.” The press release goes on to say the goal is to “shut down every last U.S. coal plant,” and “slash gas plant capacity in half, and block all new gas plants.”