Source: Institute for Energy Economics and Financial Analysis
Headwinds include slowing demand, increasing bankruptcies and more affordable renewables
May 1, 2020 (IEEFA U.S.) – The U.S. coal industry continues to face strong headwinds including shrinking energy demand as a result of a contracting global economy slowed by the coronavirus pandemic, according to IEEFA experts.
The outlook for 2020 remains bleak as increasing plant closures and bankruptcies rock the coal sector.
IEEFA analyst/editor Dennis Wamsted and data analyst Seth Feaster presented their latest findings during a webinar held on Tuesday, April 28.
In case you missed it, here are links to the recording and 2020 report:
Link to Coal Outlook 2020 Webinar on YouTube: https://youtu.be/PmM0KqzwfUM
Link to the PowerPoint:
IEEFA Coal Outlook 2020 report:
IEEFA’s coal divestment directory: 100 and Counting major financial institutions
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The Institute for Energy Economics and Financial Analysis (IEEFA) examines issues related to energy markets, trends and policies. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy.