Even Trump Can’t Keep Coal Companies From Declaring Bankruptcy

  • 📰 Forbes
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

As the coal industry continues to decline even President Trump’s promises can’t keep companies from declaring bankruptcy.

Another indication was Murray Energy, the nation’s largest privately owned coal producer and the third largest overall,Dow Jones U.S. Coal IndexEIA’s data shows

that, “between 2010 and the first quarter of 2019, U.S. power companies announced the retirement of more than 546 coal-fired power units, totaling about 102 gigawatts of generating capacity.” It also appears that in the past few years power generation companies are willing to retire larger and newer plants than previously. The EIA has found that, “Coal-fired units that retired after 2015 in the United States have generally been larger and younger than the units that retired before 2015. The U.S.

If this trends continues future retirements should continue to have a large impact on coal miners, even though fewer plants are closing.

 

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

maybe it's because the huge war and protesters against all of Americas energy sources 🤔

Even Trump? As if anyone thought he was more capable of achieving this than a potato...

ETTD

realDonaldTrump has lots of experience with bankruptcy. Nobody knows bankruptcy better that Trump

What do you mean “even Trump?” He has his $1300 shoe on their necks the minute he got their votes.

Are you happy about it? Ok for US companies to go bankrupt?You must be a relative of Elizabeth/Bernie!

Trump dug up so much coal, the coal companies are falling into the pit one after the other. MAGA

It’s called free markets! Let the cards fall where they may.

No one has tried harder..

🤣🤣🤣 Who are you kidding ? Trump couldn't keep himself from claiming bankruptcy...FIVE TIMES!!!

Nope, impeach and replace this turd

cleancoal

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:

 /  🏆 394. in CA

Canada Canada Latest News, Canada Canada Headlines