In this Monday April 13, 2020 photo Wyoming Mining Association Executive Director Travis Deti, seen here working from his home in Cheyenne, Wyo. Deti has been calling for help for the coal industry in the form of lower federal royalties and other aid. Analysts expect less electricity use during the coronavirus pandemic to lower demand for coal even below a previously predicted decline.
Coal demand has tanked over the past decade amid competition from cheap natural gas and expanded renewable energy sources. Coal companies have faced a reckoning as the world looks to combat climate change and move away from fossil fuels despite President Donald Trump's effort to revive the industry. “There is no consistency from mine to mine, even within the same company,” said Phil Smith, spokesman for the United Mine Workers of America, a union representing thousands of coal miners primarily in the eastern U.S.
But there is little doubt of the crushing effect of the virus's economic fallout on coal. In January, before the pandemic took hold in the U.S., coal production was forecast to drop 14% this year. With the coronavirus and a mild winter that meant less electricity needed to heat homes and businesses, that drop is now expected to be as much as 25% — falling to levels not seen in 55 years.
Who gives damn about coal, just put lump of coal in it❣️🙄
Yes! Die, coal, die!
Great news!
Another failed industry trump will have no problem bailing out...again...
America should support green energy and give up coal industry
Maybe its time to GTFO fossil fuel already !! .
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Fuente: NBCNews - 🏆 10. / 86 Leer más »