Photographer: Carla Gottgens

The Latest Sign That Coal Is Getting Killed

Coal is a sick dragon, and the bond market wields a heavy sword

Coal is having a hard time lately. U.S. power plants are switching to natural gas, environmental restrictions are kicking in, and the industry is being derided as the world's No. 1 climate criminal. Prices have crashed, sure, but for a real sense of coal's diminishing prospects, check out what's happening in the bond market.

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