Liam Denning, Columnist

Coal Mogul's Novel Plan to Save Coal Is to Buy It

It only works with a regulatory handout and higher natural gas prices, which are both a stretch.

April 11, 2018 at 3:57 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.

1523460613_GettyImages-685585110 — Photographer: Spencer Platt/Getty Images

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Bob Murray, CEO of Murray Energy Corp., has a novel idea to save U.S. coal: buy the stuff himself.

Interviewed Tuesday by Tim Loh of Bloomberg News on the sidelines of a Bloomberg New Energy Finance conference in New York, Murray said he might buy coal-fired power plants to secure demand for the output from his privately held mining company, America's largest: