{"id":26534,"date":"2019-10-30T18:44:12","date_gmt":"2019-10-30T23:44:12","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=26534"},"modified":"2020-06-28T18:41:58","modified_gmt":"2020-06-28T23:41:58","slug":"campaign-promises-retrospective-coal-ctd","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2019\/10\/30\/campaign-promises-retrospective-coal-ctd\/","title":{"rendered":"Campaign Promises Retrospective: Coal, Ctd"},"content":{"rendered":"

In an update on the coal industry<\/a> in Trump’s America, the number of coal companies to file for bankruptcy YTD is now up to five:<\/p>\n

Murray Energy Corp., the private coal giant whose founder pushed the Trump administration for an\u00a0overhaul of what it called \u201canti-coal\u201d<\/a>\u00a0environmental policy, filed for Chapter 11 protection on Tuesday.<\/p>\n

It\u2019s the fifth coal company to land in bankruptcy court this year, in a rapidly shrinking industry that\u2019s being squeezed out of the U.S. power market by cheaper options such as natural gas, solar and wind power.<\/p><\/blockquote>\n

As noted earlier, the coal industry is reaching the end of its rope, and it’s incumbent on the government to take note and … not save it. I don’t say that because it’s the free market thing to do, because we’re not talking about a free market when various energy sources have notoriously been getting government support for years, but because of the environmental concerns of powering a civilization overpopulating itself. Tomorrow’s generations do not deserve more damage inflicted on the environment upon which they will depend just because that would mean corporate survival for coal mining companies.<\/p>\n

But the government should step in:<\/p>\n

The legal maneuver also could imperil the solvency of a major pension fund that covers tens of thousands of coal miners and has renewed calls for the federal government to step in and help support the retirement payments.<\/p>\n

\u201cWe\u2019re talking about 82,000 miners who are going to lose their pensions, and we\u2019re fighting this,\u201d Sen. Joe Manchin III (D-W.Va.), whose state is home to large Murray Energy operations, said in a radio interview on West Virginia MetroNews on Tuesday.<\/p><\/blockquote>\n

And this is what the country is about – taking care of each other. I’d like to see the government step forward and keep those pensions funded.<\/p>\n","protected":false},"excerpt":{"rendered":"

In an update on the coal industry in Trump’s America, the number of coal companies to file for bankruptcy YTD is now up to five: Murray Energy Corp., the private coal giant whose founder pushed the Trump administration for an\u00a0overhaul of what it called \u201canti-coal\u201d\u00a0environmental policy, filed for Chapter 11 \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26534","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/26534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=26534"}],"version-history":[{"count":1,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/26534\/revisions"}],"predecessor-version":[{"id":26535,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/26534\/revisions\/26535"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=26534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=26534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=26534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}