Major Power-Plant Maker Quitting Coal
September 22, 2020
In what is called “a remarkable exit that will have far-reaching consequences,” General Electric, a world leader in the manufacture of coal-fired power plants, says it will no longer build them—this despite Trump administration efforts to pump up the coal industry. It seems a case of the handwriting being on the wall. As a longtime environmental consultant recently laid out in Issues, coal has been declining as a power source for the past century, driven by an array of technological, social, and economic forces that affect energy markets.