Currently viewing Global edition

More coal closures expected under Trump than Obama, says IHS Markit

Despite the Trump administration’s best efforts to support the domestic US resource sector, industry analyst IHS Markit expects more coal mine closures to take place under the current administration than the prior, director for coal Jim Thompson told an industry conference in Vancouver this week.

More coal closures expected under Trump than Obama, says IHS Markit More coal closures expected under Trump than Obama, says IHS Markit More coal closures expected under Trump than Obama, says IHS Markit More coal closures expected under Trump than Obama, says IHS Markit More coal closures expected under Trump than Obama, says IHS Markit

With domestic thermal coal demand in terminal decline, the focus for producers is firmly on cost structures

Indeed, US Energy Information Administration data shows more US coal-fired power plants were shut in president Donald Trump's first two years than were retired in the whole of Barack Obama's first