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Major Coal Producer And Trump Booster Files For Bankruptcy
Gwad
Member Posts: 2,855
in Tug Tavern
https://www.npr.org/2019/10/29/774391189/nations-largest-coal-producer-and-trump-booster-files-for-bankruptcy
The Trump administration has spent three years trying to help the coal industry by rolling back environmental regulations and pushing for subsidies for coal-fired power plants. Still, the long list of coal company bankruptcies has continued, and dozens more plants have announced their retirement since President Trump took office.
Now the list of bankruptcies includes a company headed by one of Trump's most vocal supporters. Murray Energy Corp. filed for Chapter 11 on Tuesday morning.
The Trump administration has spent three years trying to help the coal industry by rolling back environmental regulations and pushing for subsidies for coal-fired power plants. Still, the long list of coal company bankruptcies has continued, and dozens more plants have announced their retirement since President Trump took office.
Now the list of bankruptcies includes a company headed by one of Trump's most vocal supporters. Murray Energy Corp. filed for Chapter 11 on Tuesday morning.
Comments
Chuck Jones
Chuck JonesSenior Contributor
Markets
I cover technology companies, worldwide economies and the stock market
Unfortunately for President Trump, and especially coal miners, the industry has been in a secular decline
More coal-fired plants will close, other countries will lessen their dependence on coal
Thank you Mr President
The increased natural gas is getting rid of coal and is much cleaner
Trump says 'the coal industry is back.' The government's jobs numbers say otherwise
President Donald Trump tells a rally in West Virginia his administration is putting coal miners back to work.
Government data show the United States added about 2,000 coal mining jobs since Trump took office, but economists say the change is not statistically significant.
The export-fueled bump in coal production and coal-mining employment is forecast to fade next year.
In other words there were more coal jobs
We will get rid of coal for cleaner NG and nukes when we can.
Simple minded partisan shills don't understand this
I Googled to see if there were any articles by NPR that detailed the billions the country has lost since BO spent billions to prop up the solar and wind industries. Surprise! There were none. Not even an article on Solyndra where BO wasted 500 million tax dollars to bail out his campaign donor. Six months later Solyndra went out of business and of course the taxpayers paid the tab and BO's buddy was made whole on his investment.
By not reporting both sides, lib media like NPR does a complete disservice to the country. Go nuclear and Natural Gas!
One thing's for sure, the knee-pad business is booming.
It's comforting to know the evil racists who portray themselves in black face are finally being given the justice they deserve.
Seems like the millennials still care a lot about it
Why so upset?
more clean energy. That’s a good thing right?