Pennsylvania coal mine, first in Trump era, praised as lifeline for local economy - News Summed Up

Pennsylvania coal mine, first in Trump era, praised as lifeline for local economy


Tom Wolf – a Democrat who is a sharp critic of Trump’s plan to leave the Paris Climate Accord – was on hand for the mine opening. Part of Wolf’s support for the mine may be the mine will be used for metallurgical coal, which has less impurities and is generally seen as cleaner than the coal used to fire power plants. Cyclones disrupted supplies in Australia, the world's biggest exporter of metallurgical coal, pushing prices higher. Analysts emphasize that the new mine doesn't reflect a long-term revival in the coal industry as a whole, which continues to struggle amid mechanization and cheaper, cleaner energy alternatives such as natural gas and renewables. Over the next 35 years, Sanzillo said, the market for metallurgical coal is expected to remain stagnant, while steaming coal will continue its downward trend.


Source: Fox News June 12, 2017 18:56 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */