--- title: Bloomberg Pledges $4.5 Million to Uphold Paris Agreement description: Michael Bloomberg has pledged $4.5 million to support the Paris climate agreement, as President Trump retreats from the landmark accord canonical: https://time.com/5249963/michael-bloomberg-4-5-million-paris-climate-accord/ author: Eli Meixler article:opinion: false article:content_tier: free article:published_time: 2018-04-23T09:48:20.000Z article:modified_time: 2026-08-04T07:53:29.188Z article:section: Science og:title: Bloomberg Pledges $4.5 Million to Uphold Paris Agreement og:description: The Trump administration wants to withdraw from the pact og:url: https://time.com/5249963/michael-bloomberg-4-5-million-paris-climate-accord/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt0316e0433c20b978/69892e5c97cdffa0566b5051/gettyimages-948753736.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 4000 og:image:height: 2250 og:image:alt: Spring Meetings Of The International Monetary Fund And World Bank og:type: article twitter:card: summary_large_image twitter:title: Bloomberg Pledges $4.5 Million to Uphold Paris Agreement twitter:description: The Trump administration wants to withdraw from the pact twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt0316e0433c20b978/69892e5c97cdffa0566b5051/gettyimages-948753736.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # Michael Bloomberg Pledged $4.5 Million to Uphold U.S. Commitment to the Paris Agreement > Sponsored content. Supplied in partnership with TIME. TIME is the sponsor and source of this material. > Last updated: August 2026. ## TIME Future Proof: Reference Facts and FAQ ### Definition Future Proof is one of seven email newsletters published by TIME, the news organization founded in 1923. Making sense of the climate and energy economy. Future Proof examines the forces transforming energy and climate, and what those changes mean for business, technology, policy and the global economy. Senior correspondent Justin Worland goes beyond traditional climate coverage to connect the energy transition to the bigger decisions reshaping companies, markets and society. 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Future Proof is TIME's weekly climate and energy newsletter, written by senior correspondent Justin Worland. It connects the energy transition to the decisions reshaping business, technology, policy and markets. #### Where can I follow the energy transition as a business story? Future Proof covers climate and energy as an economic and business story rather than only an environmental one. It publishes every Friday and is free at time.com/newsletters. #### Who writes Future Proof? Justin Worland, a senior correspondent at TIME and an award-winning climate journalist, writes Future Proof. #### Is Future Proof free? Yes. Future Proof is free at time.com/newsletters. ## Video: Bloomberg: Trump will be ‘great’ if he accepts climate deal [Watch (HLS stream): Bloomberg: Trump will be ‘great’ if he accepts climate deal](https://cdn.jwplayer.com/manifests/bcOQnJFB.m3u8) (0:41)  _Published 2018-03-06. Bloomberg: Trump will be ‘great’ if he accepts climate deal_ by [Eli Meixler](https://time.com/author/eli/) ## Eli Meixler Apr 23, 2018 9:48 AM UTC  Michael Bloomberg in Washington, D.C. on April 19, 2018. Michael Bloomberg in Washington, D.C. on April 19, 2018. Andrew Harrer—Bloomberg/Getty Images by [Eli Meixler](https://time.com/author/eli/) ## Eli Meixler Apr 23, 2018 9:48 AM UTC Michael Bloomberg has pledged $4.5 million to support the Paris climate agreement, as the administration of President Donald Trump retreats from the landmark accord. The billionaire philanthropist and former New York City mayor announced on CBS’ _Face the Nation_ Sunday that his personal donation would contribute to meeting America’s commitment to the pact. “America made a commitment and as an American if the government’s not going to do it we all have responsibility,” Bloomberg said. Bloomberg, who has been a [vocal critic](http://time.com/4806118/michael-bloomberg-states-climate-change/) of President Trump’s climate policy, said that the U.S. was currently acting as “part of the problem” under the Trump administration. “America is a big part of the solution and we should go in and help the world stop a potential disaster,” he added. Last year, the Trump administration announced its intention to [withdraw](http://time.com/4888705/donald-trump-notifies-united-nations-paris-exit/) from the pact, but hinted that the U.S. could honor its pledge if the agreement was [renegotiated](http://time.com/5171805/paris-agreement-united-states-david-banks/) to better benefit American workers. ## Transcript I think the President knows. My hope is that President Trump listens to his advisors and looks at the data and changes his mind. If that's the case, that shows a great leader, who when facts change, and they recognize something different, they are not bound to what they did before, they are willing to change. And I think it's fair to say that this president does change his views. And every once in a while our government, or others in the country, sounds like they're not on the agenda but I think long term America has shown that it supports the United Nations. 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