Why Coal Companies Are Collapsing

What’s up with the coal industry?

Not much! Read on for a podcast that takes a look at the “spectacular collapse of the coal industry…”

It’s an interesting time in the energy industry. We’re seeing big changes. Renewable power sources are becoming more and more accessible and the global coal demand is slumping. In the US, new regulations are being passed that are fast tracking coal plants to closure.

As Stephen Lacey of GreenTechMedia writes, “Coal companies are collapsing in a spectacular fashion.” Since 2012, over 40 coal companies have filed for bankruptcy and existing companies are reporting big losses on their quarterly statements.

So what exactly is going on in the coal industry? Take a listen to the podcast, The Energy Gang, as they discuss the factors that are contributing to the fall of the coal industry…

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(Image via Pixabay)