Top
image credit: Flickr

Trump’s pledge to save US coal is failing, leaving coal country in crisis

October 8, 2019

Pledges by President Donald Trump to save the U.S. coal industry and boost so-called clean coal technology are proving to be no match for the free market. Competition from lower-cost natural gas and renewables has led to a wave of bankruptcies and layoffs as coal production declines.

Government forecasts from the U.S. Energy Information Administration call for a 10% drop in coal production nationwide year-over-year in 2019, with further declines expected next year. In the past five years, output is down 27%.

Read More on CNBC energy