Carbon Tracker Initiative: US coal sector in 'structural decline'; 200 mines shut, 76% industry value loss in 5y

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Alex Brown

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Mar 26, 2015, 11:52:27 AM3/26/15
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US coal sector in 'structural decline', financial analysts say
Over 200 mines shut down and industry loses 76% of its value in five years, report finds
by Karl Mathiesen, TheGuardian.com
Tuesday 24 March 2015
http://www.theguardian.com/environment/2015/mar/24/us-coal-sector-in-terminal-decline-financial-analysts-say
The US coal sector is in a “structural decline” which has sent 26 companies bust in the last three years, according to financial analysts. A report by the Carbon Tracker Initiative found that in the past five years the US coal industry lost 76% of its value. At least 264 mines were closed between 2011 and 2013. The world’s largest private coal company, Peabody Energy, lost 80% of its share price.  These declines were in spite of the Dow Jones industrial average increasing by 69% during the same period. Authors said this indicated a decoupling of US economic growth from coal. ...

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