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White House plan will train coal workers for 21st century jobs
Stepping away from fossil fuels is incredibly important, but our move toward a sustainable future will invariably leave countless workers unemployed by no fault of their own. The White House knows this and this week, the Obama administration announced $28 million in funding for 42 "economic and workforce" development programs across a baker's dozen of (mostly southern) states.
World's largest coal mining firm declares bankruptcy
It won't shock you to hear that the coal industry is facing tough times lately. Job cuts, mine closures and other signs of financial trouble are par for the course. However, that downturn just reached an important milestone: Peabody Energy, the world's largest private coal mining company, has filed for Chapter 11 bankruptcy across most of its US divisions. The firm says it didn't have much choice between steep drops in the price of coal, a weak Chinese market, overproduction of shale gas and "regulatory challenges" (read: better environmental policies). In plainer terms, people just aren't as interested in coal energy as they were in years past.
