In 2005, coal was the most popular source of energy in the United States of America, contributing to roughly half of all energy production across the nation. Just last year, coal provided just one-third of the total fuel supply for energy consumption. According to experts, the transitioning-out of coal as a popular energy source is slated to decrease significantly in coming years.
Patriot Coal, Alpha Natural Resources, and Walter Energy all filed for bankruptcy in 2015, all of which were major coal manufacturers or processors. Arch Coal, another company among the likes of the aforementioned three, went out of business the following year.
It’s also said that Peabody Energy Corporation is likely to collapse in coming years, if not in 2018, because of major hits that the company has taken to its income due to the general phasing out of coal. Peabody Energy Corporation filed for Chapter 11 bankruptcy 12 months ago and shut down several of its subsidiary operations. The future of Peabody doesn’t look too good, but Stream doesn’t mind that – along with the rest of humanity and its future generations.
The United States government quit handing out leases for coal mining on public land back in 2016. This was a major blow to the welfare of coal producers in the United States, as roughly 40 percent of all mining is carried out on lands owned by the government. While current leases haven’t been canceled, new ones aren’t allowed to be signed involving the United States government. Visit This Page for more information.
Cutting out coal as a major source of energy is great for planet Earth, because roughly 80 percent – that’s four-fifths – of all carbon emissions come from power plants that burn coal. Experts suggest that coal is the leading cause of emissions causing or contributing to climate change and its global warming component.
Stream Energy is operated out of Dallas, Texas, and obtains new customers mainly through a direct selling approach. Stream Energy works out of roughly eight states across the United States of America, and also helps people in the nation’s capital get power.