Liam Denning, Columnist

Consol Mines the Trump Rally to Exit Coal

Optimism injected into the sector opens a window to offload the business.

March 3, 2017 at 5:32 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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If you want to understand why mere policy won't spark a renaissance for America's coal sector, a good place to start is Consol Energy Inc.

Bloomberg News reported on Friday that Consol has hired banks to sell or otherwise dispose of what remains of its coal business. Consol, which traces its roots back to mining operations in Appalachia in 1864, will be left as an exploration and production company focused on producing natural gas.