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Collapsing share prices of US coal hold warning by Barry Saxifrage
Share prices of major coal mining companies in the United States have collapsed in the last two years. Investors have lost billions. The lack of any solution to the high levels of climate pollution from coal burning is dimming the industry prospects for a growing number of investors. As Deutsche Bank summed up, US coal burning has become a "dead man walkin' ": "Banks won’t finance them. Insurance companies won’t insure them. The EPA is coming after them…And the economics to make it clean don’t work."
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15th November 2013 · by Barry Saxifrage · website