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U.S. Coal Companies Scale Back Export Goals

2013-09-14 05:35:27| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: The ailing American coal industry, which has pinned its hopes on exports to counter a declining market at home, is scaling back its ambitions as demand from abroad starts to ebb as well. Just south of here, New Elk Coal terminated its lease late last month at the Port of Corpus Christi, where it had hoped to export coal to Brazil, Europe and Asia. Two days later, when the federal government tried to auction off a two-square-mile tract of land in Wyomings Powder River basin, a region once poised...

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