Coronavirus business&nbspupdate Get 30 days complimentary access to our Coronavirus Business Update newsletter 30 days complimentary
The FT’s Lex Column has forecast the total demise of the coal industry. Alongside increasing regulation as a result of the US climate agreement, the industry faces threats from new technology. Peabody Energy and similar coal producers have been damaged by the emergence of Paris shale gas, which is cheaper as well as cleaner than coal. Furthermore, cheaper solar panels, improved energy storage and efficiency and smarter grids will all further undermine the case for using coal.