Lakhota
Diamond Member
As President Donald Trump works to reverse coal’s decline, the CEO of CSX Corp. said his company will stop new investments in transporting the energy source.
The CEO of freight railroad CSX Corp., one of the largest U.S. haulers of coal, warns that the days of transporting and burning coal are numbered.
“Fossil fuels are dead,” Hunter Harrison told analysts Wednesday, according to mediareports. “That’s a long-term view. It’s not going to happen overnight. It’s not going to be two or three years, but it’s going away in my view.”
For that reason, he said, CSX will cease making investments in coal.
More: Boss Of Coal-Hauling Railroad CSX Says 'Fossil Fuels Are Dead'
That sounds clear enough for me. Hunter Harrison should know his industry.
The CEO of freight railroad CSX Corp., one of the largest U.S. haulers of coal, warns that the days of transporting and burning coal are numbered.
“Fossil fuels are dead,” Hunter Harrison told analysts Wednesday, according to mediareports. “That’s a long-term view. It’s not going to happen overnight. It’s not going to be two or three years, but it’s going away in my view.”
For that reason, he said, CSX will cease making investments in coal.
More: Boss Of Coal-Hauling Railroad CSX Says 'Fossil Fuels Are Dead'
That sounds clear enough for me. Hunter Harrison should know his industry.