THE COAL INDUSTRY IS SUFFERING UNDER OBAMA’S WATCH
This Morning, Alpha Natural Resources Announced It Will Eliminate 1,200 Jobs, Nearly A Tenth Of Its Work Force. “Coal producer Alpha Natural Resources said Tuesday it’s cutting production by 16 million tons and eliminating 1,200 jobs companywide, including 400 with the immediate closing of eight mines in Virginia, West Virginia and Pennsylvania. The mine shutdowns start Tuesday, while the rest of the layoffs will be completed by the end of the first quarter after Alpha fulfills current sales obligations, Chief Executive Officer Kevin Crutchfield said. In all, the layoffs amount to nearly a tenth of Alpha’s 13,000-person work force.” (Vicki Smith, “Alpha Closing 8 Mines, Cutting 1,200 Jobs In All,” The Associated Press, 9/18/12)
“Closing Four Mines In West Virginia, Three In Virginia, And One In Pennsylvania,” Miners Will Be Either Reassigned Or Laid Off Immediately, And Support Positions Will Also Be Cut Proportionally. “Alpha said it is closing four mines in West Virginia, three in Virginia and one in Pennsylvania. They are a mix of deep and surface mines. All the mines being closed are non-union operations. Alpha didn’t immediately name the mines because they wanted to inform all the workers first. Though some miners will stay on to seal the operations, most will either be reassigned or laid off immediately. Support positions will also be cut proportionally as Alpha reduces its operating regions from four to two, Crutchfield said, and two executives will retire Nov. 1.” (Vicki Smith, “Alpha Closing 8 Mines, Cutting 1,200 Jobs In All,” The Associated Press, 9/18/12)
Facing “A Regulatory Environment That’s Aggressively Aimed At Constraining The Use Of Coal, CEO Kevin Crutchfield Says It’s A Necessary "Difficult Day.” “Crutchfield called it ‘a difficult day,’ but said the shutdowns and layoffs are a necessary part of ensuring Alpha survives in what has become a difficult U.S. market, where coal companies face a dual challenge: Power plants are shifting to cheap, abundant natural gas, while companies like his face 'a regulatory environment that’s aggressively aimed at constraining the use of coal.’” (Vicki Smith, “Alpha Closing 8 Mines, Cutting 1,200 Jobs In All,” The Associated Press, 9/18/12)
OBAMA’S POLICIES ARE KILLING THE COAL INDUSTRY
111 Coal Power Plants Closed From 2009-2012 . “But in the past two years, an increasing number of coal-powered electricity plants across the country have announced closures. Estimates vary, but banking and industry analysis firm Credit Suisse put expected and known closures for 2009-2012 at 111 plants, that’s one-fifth of the nation’s nearly 500 coal plants.” (Lisa Desjardins, “The War Over Coal Is Personal,” CNN , 7/17/12)
Energy Information Administration Expects 175 Coal-Fired Generators To Retire Between 2012 And 2016. “Plant owners and operators report to EIA that they expect to retire almost 27 gigawatts (GW) of capacity from 175 coal-fired generators between 2012 and 2016. In 2011, there were 1,387 coal-fired generators in the United States, totaling almost 318 GW. The 27 GW of retiring capacity amounts to 8.5% of total 2011 coal-fired capacity.” (“27 Gigawatts Of Coal-Fired Capacity To Retire over The Next Five Years,” Energy Information Administration , 9/16/12)
- EIA: “Coal-Fired Capacity Retirements Expected To Occur in 2012 Will Likely Be The Largest One-Year Amount In The Nation’s History.” “ The coal-fired capacity expected to be retired over the next five years is more than four times greater than retirements performed during the preceding five-year period (6.5 GW). Moreover, based on EIA data, the approximate 9 GW of coal-fired capacity retirements expected to occur in 2012 will likely be the largest one-year amount in the nation’s history.” (“27 Gigawatts Of Coal-Fired Capacity To Retire over The Next Five Years,” Energy Information Administration , 9/16/12)