Biggest Private Coal Miner Goes Bust As Trump Rescue Fails

[BumRushDaShow]

3. The OP article also mentioned these tidbits

The company’s collapse underscores how deeply cheap natural gas and renewable energy resources have cut into coal’s share of the U.S. power market. Cloud Peak Energy Inc., Cambrian Coal Co., Blackjewel LLC and Blackhawk Mining LLC have all filed for bankruptcy this year. Their downfall mirrors waning demand for fuel that as recently as 2003 accounted for more than half of all U.S. power generation.

/snip

(Michael R. Bloomberg, the founder and majority stakeholder of Bloomberg LP, the parent company of Bloomberg News, has committed $500 million to launch Beyond Carbon, a campaign aimed at closing the remaining coal-powered plants in the U.S. by 2030 and slowing the construction of new gas plants.)

https://www.bloomberg.com/news/articles/2019-10-29/biggest-private-coal-miner-goes-bust-after-trump-rescue-fails

Some info on the bankruptcies of those other companies -

Blackjewel LLC (in Wyoming & Kentucky) - https://www.kentucky.com/news/politics-government/article234188437.html
Cambrian Coal (Kentucky) - https://www.kentucky.com/news/state/kentucky/article235419587.html
Blackhawk Mining LLC (Kentucky & West Virginia) - https://apnews.com/e736d8403f0d4732b5a5c328f0e54327

I am sure they will still blame "Obama", will give their "savior" a pass, and will make sure that Turtle is re-elected.

And note what billionaire Bloomberg is doing from his end...