How's bring those coal jobs back to a dying industry going? lol
https://www.reuters.com/article/us-trump-effect-coal-revival/a-year-after-trumps-election-coals-future-remains-bleak-idUSKBN1DD0IA
"The number of coal miners has also risen slightly to 51,900 in October, up about 2,200 since November 2016 - but down about 70 percent from a 1985 peak, according to the Labor Department."
”We’re not planning to build any additional coal facilities,“ said Melissa McHenry, a spokeswoman for American Electric Power, one of the largest U.S. utilities. “The future for coal is dictated by economics … and you can’t make those kinds of investments based on one administration’s politics.”
"Forecasts from utilities and the U.S. government reveal little reason for hope of a sustained coal rebound.
Utilities are expected to shut down more than 13,600 megawatts of coal plant capacity in 2018. That follows a loss of nearly 8,000 MW this year and 13,000 MW in 2016, according to EIA and Thomson Reuters data.
By 2025, coal-fired power plant capacity will dip to 226,380 MW, down about 30 percent from 2011, according to EIA.
Three Texas coal plants owned by Vistra Energy Corp subsidiary Luminant are among the latest to close, bringing the number of plants that shut, or plan to, to 265 since 2010 - a figure higher than the 258 plants that remain, according to the Sierra Club, which has campaigned against coal.
Vistra said the closures were forced by lower prices for natural gas and renewable power - and not by environmental regulations.
Duke Energy, one of the country’s largest utilities, has shut down more than 5,400 MW of coal capacity since 2011 and plans to shed another 2,000 MW by 2024.
Over the next decade, Duke plans to invest $11 billion in new natural gas and renewable power - and nothing in new coal-fired generation, said spokesman Rick Rhodes. "
Can someone tell Trump coal is getting their ass kicked by natural gas and god forbid investment into renewable power.
Last edited by sethnintendo - on 14 November 2017
