EnergyWatch

US railroad executive: Coal has no future

More and more signs are pointing to a bleak future for coal and even for oil.

Photo: RITZAU/AP/Patrick Pleul

Despite promises from US President Donald Trump to resuscitate the coal industry, railroad company CSX does not believe there is any future for fossil fuels, reports the Financial Times.

CSX is one of the largest haulers of coal in the US and was founded for work with black coal in the Appalachians. The freight company states that it does not intend to purchase a single locomotive to pull coal trains.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Employee of Danish marine fuel supplier charged for corruption in Singapore

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

EU awards big aid for Danish scaled green hydrogen push

The European Union has green-lit millions of euros of subsidy for a 100MW hydrogen project in Denmark with the involvement of several big domestic players. The project is meant to be the enabling stepping stone for GW-scale H2 projects as well as electrolysis at sea.

Further reading

Related articles

Trial banner

Latest News

See all jobs