Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Trump Promised to Bring Back Coal—It’s Declining Again

Aug. 21, 2018, 12:33 PM

More than any other recent president, Donald Trump came to office promising to revive coal and restore mining jobs.

Nineteen months into his term, there is little improvement.

The industry, which will be a focus of Trump’s Aug. 21 visit to West Virginia, has rebounded slightly from a devastating 2016, when cheap natural gas was crushing coal in the power market and three major producers were in bankruptcy. But an uptick in exports is masking a bigger problem: The industry is still losing U.S. customers as utilities increasingly turn to natural gas and renewable power to generate electricity.

Trump’s ...