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Coronavirus is accelerating the demise of coal power in the US

Coronavirus is accelerating the demise of coal power in the US

As the coronavirus crushes energy demand around the world, the bottom has fallen out from under an already weak coal industry. Moody’s Investors Services recently warned coal firms are facing a wave of bankruptcies—with few ways out. Adding to the sector’s woes, financial institutions’ new environmental, social, and governance policies (ESG) are restricting capital to high-emitting industries such as coal.