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Podcast: Energy Gang
Episode: Why Coal Companies Are Collapsing in Spectacular Fashion
Description: Pretty much everything bad that could happen to the coal industry is happening.
Global coal demand is slumping; low natural gas prices and competitive renewables are shifting the energy mix in America; and a slew of regulations are causing plants to close at an unprecedented rate.
Since 2012, more than 40 U.S. coal companies have filed for bankruptcy. And just this week, Peabody Energy, one of the largest coal firms in the world, reported $1 billion in quarterly losses.
In this week’s show, we’ll talk with Taylor Kuykendall, a coal reporter with SNL, about all the factors contributing to coal’s demi...