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Michael Bloomberg, the billionaire businessman, is directing $285 million toward renewable-energy industry associations in a coordinated effort to shift the balance of power in energy policy debates.
The pledge comes as governments confront new energy-security calculations in the wake of the Iran war, a conflict that has pushed fossil-fuel policy to the top of national agendas worldwide.
What Lobby Funding Is and Why It Moves Policy Lobbying is the organized practice of persuading lawmakers and regulators — through research, advocacy, and direct engagement — to adopt or reject specific policies.
Industry associations pool that work, giving their members a unified voice in legislative chambers and regulatory agencies.
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