Trump Still Thinks Coal Is The Future As Thousands Of Miners Lose Jobs

Several coal companies announced this week that their financial situations have deteriorated so badly that they will be filing for bankruptcy and likely cutting thousands of jobs. Trump swore that he would “save” the coal industry from the so-called War on Coal that Obama launched, but that entire War on Coal was a myth, and what’s really killing the coal industry is a lack of demand. Ring of Fire’s Farron Cousins discusses this.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Donald Trump ran for president as the guy that was going to save the struggling coal industry that has ever since the year 2012 been shedding jobs and losing money like crazy. But in 2016, Donald Trump in numerous different speeches and campaign pitches told us that he was going to save coal. He was going to reverse the Obama administration's alleged war on coal that had apparently been waged for eight years now about that war on coal. Though, you know, before I get into the issue here, for many, many years, I was writing for d smog Desmog Blog and uh, every couple months I would have to do a story about this alleged war on coal and how it didn't exist and how you even had CEOs of coal companies admitting it didn't exist. How Obama was actually pretty damn friendly to the coal companies. And the fact that that had nothing to do with the coal industry's decline.

You know, his clean power plan is not what contributed to coal companies declined. What contributed to it. I wrote about this years ago and we're finally starting to see some of the various severe impacts of it is decreased global demand and domestic demand for coal. Everybody's moving on. Coal has been burned as a source of fuel and energy in this country for well over 200 years. And finally starting just a few years ago, the public started to wake up. They realized one that we can't deny the reality of climate change anymore. We can't deny the science, but most importantly there's better sources of energy out there that aren't going to kill us either trying to mine it or by burning it and then we're good. And then suddenly the whole world woke up and said, you know what? Maybe it's time to get off coal. 200 years is enough, especially considering all the energy advancements that have happened in those 200 years, and that's what's killing the coal companies. But back to the main issue here, and we'll get back to that part in a moment. This week, two massive coal companies announced that they were filing for chapter 11 bankruptcy, which puts close to 2000 jobs. In this country at risk of being cut. And let's be honest, those roughly 2000 jobs will be lost within the next 12 months. These companies are hundreds of millions of dollars in debt. The two companies are Black Jewel LLC and Revolution Energy LLC in West Virginia and Wyoming.

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