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Barry Ritholtz

Nothing Trump Does Can Save Coal

Don't blame liberals and regulations; blame capitalism and technology.
It's not the new black.

It's not the new black.

Photographer: Kirill Kukhmar/TASS/Getty Images

On the campaign trail and in the White House, Donald Trump has warmly embraced coal. He has rolled back regulations on its use and eliminated some federal subsidies for alternative energies like solar and wind, along with electric cars. A few coal miners even landed jobs in the industry as the producers anticipate rising use. "Coal is BACK, baby!," Breitbart News declared.

Only not really.