Trump can’t stop coal’s death spiral, and his trade war may speed it up

Joe Romm Climate and Policy Reporter, ThinkProgress

The Trump administration’s own data reveal coal isn’t coming back.

Coal consumption in the United States is being blown away by wind, according to new analysis from the U.S. Energy Information Administration (EIA). And Trump’s trade war may be starting to worsen coal’s downward spiral.

The EIA projected on Tuesday that coal production will hit a four-decade low in 2019 and drop again in 2020. At the same time, renewable energy generation will soar over the next two years, led by wind power.

In fact, the EIA projects that “annual generation from wind will surpass hydropower generation for the first time in 2019.” In 2020, wind will expand its role as the leading source of U.S. renewable power.

Despite telling West Virginians last August, “The coal industry is back,” President Donald Trump has presided over a faster rate of coal plant retirements in his first two years than President Barack Obama saw in his entire first term.

The administration has no answer to the economic reality that coal power plants have simply become increasingly unprofitable in the face of cheap fracked gas and the rapidly declining costs for wind, solar, battery storage, and energy efficiency.

The EIA projects that coal production will drop more 7% in 2019, and nearly 8% in 2020 — a result of more coal plants being shut down and renewable generation soaring.

On top of that, coal exports, which had briefly surged last year, have since dropped nearly 13% for the first four months of this year compared to last year. The EIA projects coal exports will ultimately drop 15% overall this year and keep dropping in 2020.

According to a Monday report by Argus Media, an independent provider of data and analysis on energy and other commodities, the trade war between the U.S. and China has been hurting coal exports. In response to U.S. tariffs on Chinese imports, China has placed a 25% tax on U.S. coal imports.

The bottom line is that despite his claims to the contrary, the coal industry is continuing its long-term downward spiral under Trump — and his own administration projects this spiral will continue.

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Reposted from ThinkProgress

Posted In: Allied Approaches

Union Matters

He Gets the Bucks, We Get All the Deadly Bangs

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

National Rifle Association chief Wayne LaPierre has had better weeks. First came the horrific early August slaughters in California, Texas, and Ohio that left dozens dead, murders that elevated public pressure on the NRA’s hardline against even the mildest of moves against gun violence. Then came revelations that LaPierre — whose labors on behalf of the nonprofit NRA have made him a millionaire many times over — last year planned to have his gun lobby group bankroll a 10,000-square-foot luxury manse near Dallas for his personal use. In response, LaPierre had his flacks charge that the NRA’s former ad agency had done the scheming to buy the mansion. The ad agency called that assertion “patently false” and related that LaPierre had sought the agency’s involvement in the scheme, a request the agency rejected. The mansion scandal, notes the Washington Post, comes as the NRA is already “contending with the fallout from allegations of lavish spending by top executives.”

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Corruption Coordinates

Corruption Coordinates