Bloomberg New Energy Finance (BNEF) has a message for the new president: You are not going to bring coal back.
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| Candidate Trump speaks during a coal mining roundtable in Virginia in August. |
Donald Trump won the presidency with claims that he is a brilliant businessman who will create jobs. He railed against a political “war on coal” supposedly waged by President Obama, one Trump claimed was “killing American jobs.” On his first day in office, Trump deleted all the climate change references on the White House website, replacing it with an “energy plan” that asserts he is “committed to… reviving America’s coal industry.”
In a new analysis, leading independent energy experts at BNEF dismantle these claims. “Whatever President Trump may say, U.S. coal’s main problem has been cheap natural gas and renewable power, not a politically driven ‘war on coal,’” explain BNEF chair Michael Liebreich and chief editor Angus McCrone. Therefore “it will continue being pushed out of the generating mix.”
Read Joe Romm’s story on Think Progress - “Energy experts give Trump the hard truth: You can’t bring coal back.”
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