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Myth or Fact: Coal is profitable

Is coal profitable?

MYTH. The revenues from coal mining and coal-burning power plants have been declining for years. Workers suffer from black lung disease. So why are we gambling with the lives of our children and grandchildren? In fact, renewable energy generation is now more profitable than coal.

In fact, countries, cities and institutional investors are divesting from fossil fuel companies because they don’t want assets that could suddenly devalue. How much is being divested? $6 trillion dollars.

If the smart money is leaving coal, you have to ask, who is profiting?

Want to know more? There is a video explainer down below. Here are also few articles to get you started:

1. https://www.bloomberg.com/news/articles/2018-11-30/almost-half-of-coal-power-plants-seen-unprofitable-to-operate

2. https://www.reuters.com/article/us-climatechange-coal/more-than-40-percent-of-world-coal-plants-are-unprofitable-report-idUSKCN1NZ00B

3. https://www.carbontracker.org/reports/coal-portal

4. https://www.eia.gov/todayinenergy/detail.php?id=38132

5. https://www.theguardian.com/environment/2018/sep/10/fossil-fuel-divestment-funds-rise-to-6tn

6. https://www.eia.gov/todayinenergy/detail.php?id=31172

Myth or Fact: Is Coal Profitable

The revenues from coal mining and coal-burning power plants have been declining for years. In fact, renewable energy generation is now more profitable than coal. So why are we gambling with the lives of our children and grand children?