Global Coal Industry Reacts to International Changes
There is a lot of uncertainty within the global coal industry -- with major differences in certain countries.
The coal industry in the United States has been an integral part of the country's economy but has seen some significant changes in recent years. In 2015, for example, coal-fired power plants supplied roughly 33% of all the electric power utilized across the United States.
According to Business Insider, an independent energy agency rejected the current administration's plan to support coal-fired power plants, despite President Donald Trump's continued bolstering of the struggling coal sector.
Robert Murray, CEO of Murray Energy Corp., called the action by the Federal Energy Regulatory Commission (FERC) a "bureaucratic cop-out."
"While FERC commissioners sit on th...