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Q: “Are we doomed?” A: “We would be, if not for the amazing developments in renewable energy.”
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this post was submitted on 27 Jun 2024
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Coal companies are literally going bankrupt as coal plants get decommissioned. When it comes to actual political power, the fossil fuel industry you want to watch out for is oil and gas, not coal.
Mine all the coal you want. If you don't have anyone willing to buy from you, at a price that covers the cost of extraction, you will fail.
So even though the coal companies' bankruptcies are getting them out of their cleanup and decommissioning obligations, the root cause of that is that coal just isn't competitive as an energy source.