The market has spoken: Coal is dying

(CNN) – President Donald Trump has gutted regulations on the coal industry, falsely claimed that windmills cause cancer and installed a former coal lobbyist to lead the EPA.

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-cheap natural gas and increasingly affordable renewables.

“It’s hard to see any scenario where coal rebounds,” said Joe Aldina, manager of coal research at S&P Global Platts Analytics.

Article URL : https://www.clickorlando.com/news/the-market-has-spoken-coal-is-dying

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