Report: 10% of U.S. Coal Mined in 1H2018 Went to Plants Scheduled to Retire
More than 10% of the coal mined from eight U.S. regions in the first half of 2018 was sent to coal plants scheduled for retirement between this year and 2032, according to a report from S&P Global Market Intelligence. The trend is another troubling sign for the struggling coal industry.
The analysis released September 7 comes two weeks after the Trump administration announced changes to emissions regulations in an effort to allow coal-fired plants to run longer. The administration has made helping the coal industry a priority, citing coal generation’s importance to national security.
The report also said that more than 6% of the coal mined in the United States in 2017 was delivered to power plants that are scheduled for closure over the next decade. The information comes from an S&P Global Market Intelligence analysis of coal production and fuel delivery data.
S&P said just more than 330 million tons of coal was produced by U.S. basins in the first six months of this year, and at least 33.6 million tons went to plants that are scheduled to be shuttered by 2032.…