Well, karma is served, Peabody headed for chapter 11, and history. And the renewables will replace the coal fired cancers on our nation with clean energy.
Obama made good on his promise to bankrupt coal companies
Stupid ass, the coal companies were bankrupted by being unable to first compete with natural gas, and now by not being able to compete with wind and solar.
Nearly half of US coal is produced by companies that have declared bankruptcy — and Trump won’t fix that
But while air quality rules and renewable energy subsidies have created incentives to move away from coal, the irony is that the real opponent in the "war" is the free market.
Brookings Institution
Several factors, all of which are mostly out of lawmakers’ control, have had major impacts on the coal business over the last decade. First, thanks to hydraulic fracturing (fracking) technology, natural gas has become a more desirable fuel because it burns cleaner and is cheaper than coal. In 2000, half of the US’ electricity came from coal-powered plants and about 15% came from natural gas, according to a
Brookings Institution analysis; today coal and gas each make up about a third of the country's electricity generation.
Additionally, prices of renewables have fallen dramatically — the cost of building a solar photovoltaic plant has fallen by about 80 percent since 2009, making it more financially feasible for states to invest in solar and wind power. Third, as buildings and other facilities have become more energy-efficient and begun gathering power from rooftop solar panels, electricity sales in the US have started to flatten. Plus, a slowing of the Chinese economy has caused exports to go down, and automation has replaced jobs in mines and coal production facilities.