For Immediate Release
New Report Bears Out Coals Continued Decline
WASHINGTON - Today, the Institute for Energy Economics and Financial Analysis released a new study which found that the coal industry continued to shrink in 2017, despite Donald Trump’s rhetoric during Tuesday’s State of the Union address and his continued efforts to undermine America’s fast growing clean energy economy. The report also predicted that same trend will continue through 2018 and that coal-fired electricity generation is increasingly uncompetitive and losing market share to energy resources like, solar, wind, and energy efficiency.
In response, Mary Anne Hitt, Director of Sierra Club’s Beyond Coal campaign, released the following statement:
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“The Institute for Energy Economics and Financial Analysis’ report bears out what we’ve known for quite some time: coal is unpopular, it's uneconomic, and it isn't going to experience a comeback. The issue is no longer whether coal will continue to decline, it is how fast and what we can do to provide a transition for coal workers and communities."
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The Sierra Club is the oldest and largest grassroots environmental organization in the United States. It was founded on May 28, 1892 in San Francisco, California by the well-known conservationist and preservationist John Muir, who became its first president. The Sierra Club has hundreds of thousands of members in chapters located throughout the US, and is affiliated with Sierra Club Canada.