When President Obama announced that he intends to ensure that the US will slash its greenhouse gas emissions 26% below 2005 emissions levels by 2025 he showed once more his zeal to shut down every coal fired plant in the US. (1)
As an aside, he failed to mention that such levels would be comparable to what they were in our Civil War, 150 years ago notes Alan Caruba. (2)
According to Murray Energy Corporation CEO Robert Murray, the coal industry 'is now bankrupt'. Murray recently estimated that it would take all coal companies about $45 billion to fund outstanding debts and employee and reclamation liabilities. “Only three of America's leading coal companies are currently demonstrating positive cash flows, and they have large debt levels. Our coal markets, both domestically and internationally, are declining daily.” (3)
