Top US Coal Miner Peabody Sees Booming Demand in Trump Era

Top US coal miner Peabody sees booming demand in Trump era

By Will Wade, Bloomberg News Swelling U.S. demand for electricity has the potential to boost coal consumption as much as 57%, according to mining giant Peabody Energy Corp., in what would be a major shift for an industry that’s been waning for years. Related Articles Start of refinery shutdown in LA area may start as soon as this week. What does it mean for you at the pump? States fast-track wind, solar permits and…

Top U.S. coal miner Peabody sees booming demand in Trump era

Swelling U.S. demand for electricity has the potential to boost coal consumption as much as 57%, according to mining giant Peabody Energy Corp., in what...

Top US coal miner sees booming demand

US electricity consumption is rising so rapidly that coal usage could increase dramatically, said Bloomberg News citing comments by Peabody Energy Corp. The surge in power demand, combined with US president Donald Trump’s support for the coal industry, means utilities may significantly increase output from coal plants currently operating well below capacity. This could generate more than 250 million tons (Mt) of additional annual demand, Peabody…