New reports blames coal industry problems on market conditions
The international economics and regulatory consulting firm known as The Brattle Group has released a new report on the coal industry. The 13-page report was issued last week, and expects more coal-fired power plants to close in the next four-year period, but it won't be because of more strict environmental rules. Lower-priced natural gas is the predicted cause, or in other words, market conditions. Some have blamed the coal industries woes solely on federal regulations, but the Brattle Group disagrees.