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Billionaire Michael Bloomberg pledges $260 million to protect world's oceans

As global powers scale back conservation budgets, it seems the world may soon rely more on the funds of the mega rich.
Alex Hopley Editor UK 24 June 2026

Billionaire Michael Bloomberg has pledged $260 million in an effort to conserve the world's oceans. This comes as major powers, including the UK and US, are lowering their science and conservation budgets.

Bloomberg wants to "help close the gap between ocean protection commitments and action," according to a statement disclosed to Sky News. With only 10% of the world's oceans protected so far, it seems like world leaders are letting their targets fall behind them, when now is the most crucial time to be looking after our oceans. They absorb about 90% of the world's heat, but if left unprotected will leave us in sweltering temperatures like the heatwave Western Europe is currently experiencing.

Some of the funds will be channelled towards enforcing the High Seas Treaty, a pact signed by 60 countries to establish protected areas in international waters. "The High Seas Treaty shows that the world has the will to protect the ocean," Bloomberg said. "This investment will help ensure we have the way, by scaling up measures that have proven effective and focusing on some of the areas where we can make the biggest difference."

Hopefully this will be enough to keep our oceans protected, or at least help reinforce the idea that conservation is a vital issue as now is a seriously important time to keep the seas free of all our pollutants.

Editor UK Alex Hopley covered the video game industry for Gamereactor, from new announcements and launches to the business behind them. He also wrote on tech, film and entertainment, and his coverage wasn't tied to any one region.
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