Huge U.S. Coal Company Declares Bankruptcy
Here’s good news about the demise of coal. “Over the past several years, a confluence of economic challenges and regulatory hurdles has hobbled the coal industry,” John Drexler, Arch’s chief financial officer, said in a filing with a US bankruptcy court in Missouri.
No lie? We all know that coal is killing more than one million people a year, and making tens of millions sick. It comes as news that the people of the Earth simply don’t want this anymore?
Sorry for the sarcasm, but it’s hard to imagine an educated person’s making an assertion like this.
It seems from his comment (and his career choice) that Drexler is quite primarily concerned with the profitability of coal, and the economic and regulatory factors affecting that profitability. Ethical concerns about the effects of coal mining and burning upon humanity and the rest of the biosphere are likely not significant in his worldview. Such people bear watching.