Coal Giant Murray Energy Files for Bankruptcy Despite Trump’s Support

https://insideclimatenews.org/news/29102019/coal-bankruptcy-bob-murray-energy-chapter-11-trump-regulations-rollback

Murray, a Trump donor, gave the administration a wish list of regulatory rollbacks to boost his company over cheaper natural gas and renewables. It didn’t save coal.

Murray Energy, the U.S. coal company whose founder’s “wish list” was a virtual template for the Trump administration’s rollback of federal environmental and climate regulations, filed for bankruptcy protection Tuesday.

It’s the latest in a wave of bankruptcy filings by coal companies that are struggling to compete in a market where their product—once the lowest-cost fuel for producing electricity—is now more expensive than natural gas and renewable sources.

See Also:  Coal Boss Takes Climate Change Denial to the Extreme There’s No Power Grid Emergency Requiring a Coal Bailout, Regulators Say TVA Votes to Close 2 Coal Plants, Despite Political Pressure from Trump and Kentucky GOP Coal Lobbyist Confirmed


Original Title: Coal Giant Murray Energy Files for Bankruptcy Despite Trump’s Support
Full Text of the Original Article: https://insideclimatenews.org/news/29102019/coal-bankruptcy-bob-murray-energy-chapter-11-trump-regulations-rollback