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How private equity squeezes cash from the dying U S coal industry
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How private equity squeezes cash from the dying U S coal industry
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How private equity squeezes cash from the dying U S coal industry
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Source: Justin Merriman/Getty Images News via Getty Images
While coal has taken a backseat to other fossil fuels in the 2020 presidential campaign, the first debate raised a big question: Will another coal plant ever be built in the United States? Nobody s going to build another coal-fired power plant in America, Democratic presidential candidate Joe Biden said during the first debate Sept. 29. They re going to move to renewable energy.
President Donald Trump, who has eased off mentions of a coal sector he promised to put back to work in 2016, did not directly rebuke Biden s statement at the debate. While the future is difficult to predict, there is little evidence to be found against Biden s claim and plenty to suggest power generators will continue to push coal out of their generation fleets while keeping new plans off the drafting board.