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The only question here is, why is the coal industry such a toxic failure despite craven cronyism?

Despite Trump Efforts, Coal Country in Collapse
By Todd Beamon | Thursday, 31 October 2019 05:11 PM

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Tags: Trump Administration | coal | market | collapse | murray energy | bankruptcy
Despite Trump Efforts, Coal Country in Collapse
coal falls onto a pile
Coal falls off a conveyor belt as it is prepared for shipping at mine on August 26, 2019 near Cumberland, Kentucky. ( Scott Olson/Getty Images)
By Todd Beamon | Thursday, 31 October 2019 05:11 PM



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President Donald Trump's efforts to save the nation's coal industry have been overtaken by market forces, raising political consequences for him in next year's election.

On Tuesday, the America's largest privately-owned coal miner, Murray Energy Corp., filed for bankruptcy, Foreign Policy reports, making it the eighth coal company to seek Chapter 11 protection in the last year.

Robert Murray, the company's CEO, is a longtime Trump supporter who has lobbied for federal intervention on various levels: leaving the Paris climate agreement, scuttling former President Barack Obama's Clean Power Plan, forcing utility companies to buy coal and undermining the U.S. Environmental Protection Agency.

"I would not overlook the importance of Trump's most important coal supporter [Murray] going bankrupt," Kevin Book, the managing director of ClearView Energy Partners, told Foreign Policy.

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https://www.newsmax.com/politics/coal-market-collapse-murray-energy/2019/10/31/id/939652/