"Over 200 mines shut down and industry loses 76% of its value in five years, report finds"

"The US coal sector is in a 'terminal 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."

Karl Mathiesen reports for the Guardian March 24, 2015. [2]

SEE ALSO:

"U.S. Coal Fall-Off Seen Foreshadowing Fossil-Fuel Pain" (Bloomberg) [3]

"US Coal Crash ‘Serves as a Warning’ To Fossil Fuel Investors" (RTCC) [4]

"Green Energy Undermining Us Coal Industry, Study Finds" (pv magazine) [5]

"'Roof Falling in On US Coal', Investors Warned" (businessGreen) [6]

Editorial: "Clean Air Act and Dirty Coal at the Supreme Court" (New York Times) [7]

"Beijing to Shut All Major Coal Power Plants to Cut Pollution" (Bloomberg) [8]

"No Country for King Coal — the Changing U.S. Energy Mix" (TIME) [9]

"Coal Tycoon Making Last Stand for U.S. Industry" (Wall Street Daily) [10]

"Mitch McConnell's Mythmaking on Coal Jobs" (The Hill) [11]

"California Governor Says Mitch McConnell's Pro-Coal Effort 'Borders On The Immoral'" (Huffington Post) [12]