Looks like Mr Trump's friends in coal are kind of fucked.....and Trump has just moved on from all his promises. Getting desperate.
Guess he has a hard time figuring out when he's been "cucked"
https://www.bloomberg.com/news/artic...eeks-state-aid
With his coal company on the verge of default, Robert Murray is making another play for government aid. This time he’s reaching out to the states.
The U.S. coal industry is threatened with “extinction,” Murray said Monday at a conference in Kentucky hosted by the Federal Energy Regulatory Commission. He called on state lawmakers to limit the number of coal-fired power plants that are permitted to shut down, saying they are needed to underpin the reliability of the nation’s power grids.
In the meantime, coal producers including Murray Energy are shutting mines as demand wanes and prices tumble. Murray, the largest closely held U.S. supplier,
missed interest payments this month and is currently in talks with creditors. A forbearance deal is in place through Oct. 28.
“We must preserve our coal-fired and nuclear generation,” Murray said. “We are headed to major crises in our country, and FERC and all of our governments, federal and state, have done nothing.”
His plea comes after FERC last year rejected the Trump administration’s call to aid struggling coal and nuclear power plants
and ya gotta love Bloomberg trolling coal
(Michael R. Bloomberg, the founder and majority stakeholder of Bloomberg LP, the parent company of Bloomberg News, has committed $500 million to launch Beyond Carbon, a campaign aimed at closing the remaining coal-powered plants in the U.S. by 2030 and slowing the construction of new gas plants.)