Everybody hates Trump's coal and nuclear bailout plan

[TreasonousBastard]

1. Most coal plants have converted to gas, and more are on the way...

unless natural gas sources dry up, there is no reason to slow the process.

Murray Energy CEO Robert Murray, one of the few supporters of Trump’s bailout plan for the coal-fired generation, revealed the real reason he supports the initiative in an interview on Fox News Business on Thursday.

He pointed to the fact that coal’s share of the nation’s electric generation capacity is projected to drop from its peak of 58 percent three decades ago to 27 percent by 2020. This will undoubtedly have a negative impact on Murray Energy’s domestic revenues, even though the company is one of the most financially stable coal companies in the nation.

On Wednesday, E&E News shed new light on the close relationship between Murray and the Trump administration. The news service reported that Murray presented Trump administration officials with half a dozen draft executive orders in 2017 aimed at exiting the Paris climate agreement and reducing coal regulations.

Another one of the few supporters of Trump’s plan is FirstEnergy Solutions, the bankrupt nuclear plant-owning company that petitioned Perry earlier this year to use the emergency powers of the Federal Power Act to order regional grid operator PJM to bail out a long list of nuclear and coal power plants. At the time, NRG Energy, one of FirstEnergy’s competitors in the region, described the request as a “manufactured crisis.”