The Death of Global Coal Growth

By [email protected] For years we’ve known that the coal industry was a dead man walking in the United States. So the industry has clung to future growth in other markets to justify its place at the table. But now, even those prospects are fading.

Gonzalo Garcia, the co-head of natural resources for Goldman Sachs globally, said recently that he personally feels “we will not see another coal plant built in Western Europe ever again” and that it will be very challenging “in most OECD countries.” That’s a powerful statement coming from one of the largest global financial institutions on the planet. But

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