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An Antitrust Attack on Coal


Democrats have declared in no uncertain terms they want to kill the coal industry. They are receiving help from the Federal Trade Commission, which has blocked a joint venture between Arch Coal and Peabody Energy.

Arch and Peabody last summer announced plans to combine assets in Wyoming’s South Powder River Basin to improve efficiency. Coal’s share of U.S. electric generation has plunged to 24% from 48% in 2008. While more regulation is one culprit, utilities have also been replacing coal with cheap natural gas and renewables.

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