President Trump has been tied to coal corporations throughout his presidential campaign and after. Vowing to keep them open despite the changing tide from coal power plants to renewable energy. New reporting from Reuter's is cementing the reality that President Trump has not the power to keep coal power plants alive. No surprise there to some.
As I have written in the past two years, the shift from fossil fuel investment toward renewable energy is a real happening. The European Union has been offering loans to companies with low-interest rates to shift toward renewable energy investments. This is a certain occurrence that has been happening and is real.
The large oil company Shell has signaled that even their investments are diverted toward renewable energy as they see the energy landscape changing too over time. Early on in President Trump's time in office, the Paris Agreement was a hot ticket item -- with President Trump trying to pull out the U.S. of the Agreement. Although, the rest of the world knew that only President Trump was under the impression that he could, in fact, pull out the U.S. of the Paris Agreement. Amazing.
The take-home message here is that coal mining is a dying breed as the world shifts its energy dependence away from coal toward renewable energy. As the article suggests, based on evidence, the coal industry was the second-fastest closing industry in 2019. With the transition of 15,100 MegaWatts of power (enough to power 15.7 million homes) transitioned, more is yet to come. The amount of 15,100 MegaWatts is the second-largest from19,000 MegaWatts shutdown during the Obama administration.
That is the reality which President Trump ignores while going up on stage daily and announces the opposite (in the form of lies). That is a terrible reality that each resident of the United States has to understand. The time for change toward renewable energy is now and unstoppable.
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