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Coal Industry Struggles as Other Power Sources Crush Bets

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Coal companies four years ago invested $15 billion to expand their reserves. Now they’re facing bankruptcy and removal from major stock exchanges.

The New York Stock Exchange’s move Thursday to delist Alpha Natural Resources Inc.’s shares came a week after it took similar measures with Walter Energy Inc. The Stowe Global Coal Index, a performance measure for the industry, has slumped 38 percent this year.