08 Dec '11, 1pm

As Coal Use Declines in U.S., Coal Companies Focus on China

As Coal Use Declines in U.S., Coal Companies Focus on China With aging coal-fired U.S. power plants shutting down, major American coal companies are exporting ever-larger amounts of coal to China. Now, plans to build two new coal-shipping terminals on the West Coast have set up a battle with environmentalists who want to steer the world away from fossil fuels. by jonathan thompson Twenty-five years ago, the U.S. tobacco industry’s future looked bleak. The health consequences of smoking had seeped into the collective American consciousness, and the industry was fending off a barrage of liability lawsuits. Nevertheless, a few cigarette executives found room for optimism, comforted by the fact that a seemingly infinite overseas market could more than make up for losses at home. “No discussion of the tobacco industry ... would be complete without addressing what may be the mos...

Full article: http://e360.yale.edu/feature/as_coal_use_declines_in_us_c...

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