The market has spoken: Coal is dying

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

President Trump has gutted regulations on the coal industry, falsely claimed that windmills cause cancer and installed a former coal lobbyist to lead the EPA. But coal just can't keep up with dirt-cheap natural gas and increasingly affordable renewables.

In the face of those efforts to rescue coal country, America's aging fleet of coal-fired power plants continues to shrink. New coal plants are not getting built.Trump's vow to rip up environmental rules has been overwhelmed by an even more powerful force: the free market. Coal just can't keep up with dirt-chip natural gas and increasingly affordable renewables.

New Jersey's largest and oldest power company, made its own carbon-free pledge in July. To get there, PSEG is retiring coal plants, investing heavily in offshore wind and fighting to keep nuclear plants alive. Coal's place in power sector is fadingThis trend is widely expected to continue.Natural gas and wind are expected to be the fastest-growing sources of US power generation through 2020, according to a recent forecast by the US Energy Information Administration.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Trump doesn't have years to live, what does he care about our children and the climate?

There has 2 be some illegal thing he can do 2 at least make it seem things r better - just needs to make people believe bs long enough so they vote 4 him. After that he won’t give two shits about the plight of coal towns. Besides, billions r flowing in so y is base complaining?

Market Safes the world, ok.

Natural gas isn't dirt cheap. Please include the environmental cost in your reckoning.

Incredibly affordable? Must be common core math that thinks 4 times the cost is a good deal.

Great export for other countries to use and can keep coal miners working 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

Democrats will put everything as it should be!

Don’t think so!! I guess you’re experts haven’t heard of clean coal! Windmills are not efficient enough, 50% of their energy is lost in running the damn thing, plus it needs oil for lubrication! And the blades and majority of components are made from fossil fuels!

It was an off-hand remark in ref to a report that the turbines cause 'discomfort,' and the list of ailments, including 'tinnitus, raised blood pressure, heart palpitations, tachycardia, stress, anxiety, vertigo, dizziness,' and more.'

People are becoming very I'll indeed who live near windmills. That is fact

Will rural America realize they've been conned by putting their trust and faith in Donald Trump? Nope. In 2020 they'll race back to the polling sites and vote for him.

That claim isnt nearly as crazy as almost every democrat candidate proclaiming the earth will end in 11 yrs from climate change That's mental illness

The sooner Trump is arrested for crimes against nature and fined for polluting the planet, the better. realDonaldTrump is for himself, not this country nor its people. IndictTrumpNOW

Renewables provide 2% of our power they are worthless. Natural Gas is the future except Democrats want to kill it

Proof...CNN sucks

Lies and propaganda

Dirty Donald can do ALL he wants. Coal is DEAD. Trump is TOAST. 🍞

I'm glad we're energy independent. All types of energy is good, including clean coal. The Left isn't going to win their war on coal.

Coal was propped up to win votes. Coal is dead

'GUTTED' says CNN. The fact CNN thinks Trump was serious when he said windmills cause cancer pretty much sums up their inability to cover Trump objectively.

So you now support fracking. Awesome. MAGA

And yet he persists Why is that?

Where I never heard it !

This is just another fake news story

Didn't need the market to tell you what most people knew for the last 25 years.

TY “CNN” I got it! Windmills kill the millions of birds and eagles the President said, the rotting birds, give off toxic decomp gases, which the windmills blow across the land, with a carcinogenic spike to all breathing the toxic air thus multiplying cancer rates apocalyptically!

The swamp gets deeper. But, Cult45 will continue to claim their daddy is draining it.

CNN running with manufactured news again. Pathetic. They are just the propaganda arm of the democratic party, socialist/communist Fake news

Coal Barron's take the money & buy private islands instead of reinvesting & retraining their diggers to build solar panels & wind turbines ect ect. but the money is now in offshore tax haven accounts...coal towns better step up demands or get left behind as we move to the future

He cares nothing for the future of the world or the generations to come,

China is begging for our Coal and CNN knows it. Dishonest reporting.

Fake news folks

Ohmygoodness don't use 'Natural Gas' the only fuel that can level a whole house or block of townhomes in a single blast😝 use electricity or solar or wind, but Natural Gas is toooooo deadly...see explosions every day on the news!

please help us raise the $ 2,500 EYES FOR MARIA DE LOS ANGELES

Cuz it leaves them in the dust. Stop lying to folks, it isn't a good look.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines