"Murray, a Trump donor, gave the administration a wish list of regulatory rollbacks to boost his company over cheaper natural gas and renewables. It didn't save coal."
"Murray Energy, the U.S. coal company whose founder's "wish list" was a virtual template for the Trump administration's rollback of federal environmental and climate regulations, filed for bankruptcy protection Tuesday.
It's the latest in a wave of bankruptcy filings by coal companies that are struggling to compete in a market where their product—once the lowest-cost fuel for producing electricity—is now more expensive than natural gas and renewable sources.
Among them, Murray's bankruptcy stands out, in part, because of its founder Robert Murray's political fundraising for President Donald Trump and personal lobbying for rollbacks of key federal regulations in an effort to prop up the failing coal industry."
Dan Gearino reports for InsideClimate News October 29, 2019.
SEE ALSO:
"Robert Murray Out As His Company Files For Bankruptcy" (Greenwire)
"Trump's Embrace Of Coal Couldn't Save Murray Energy" (Greenwire)
"Bankruptcy Of Major Coal Company Is Terrible For Retired Miners" (HuffPost)
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