Westmoreland Coal Co.'s Oct. 9 bankruptcy filing is the latest in a string of coal company stumbles bucking the Trump administration’s narrative of a fossil fuel revival.
With the Chapter 11 filing of Colorado Springs, Colo.-based Westmoreland, four of the nation’s top 10 biggest coal providers have now sought bankruptcy protection within the last three years.
“It’s a slow-motion collapse,” said Seth Feaster, a data analyst with the Institute for Energy Economics & Financial Analysis, an energy think tank.
“Over 15 gigawatts of coal capacity are ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.