Bloomberg Law
March 29, 2022, 4:47 PM

Greenpeace, Crypto Billionaire Lobby to Change Bitcoin Code (2)

Olga Kharif
Olga Kharif
Bloomberg News

Bitcoin is about to face a fresh onslaught over its damaging environmental footprint.

Several climate activist groups including Greenpeace and crypto billionaire Chris Larsen are launching a “Change the Code, Not the Climate” campaign, designed to pressure the Bitcoin community to alter the way it orders transactions that already consumes as much power as Sweden. In five years Bitcoin may consume as much power as Japan, Larsen said in an interview.

The campaign will buy ads in leading publications over the next month. Greenpeace, Environmental Working Group and some local activist groups battling Bitcoin miners are also mobilizing their millions ...