Murray Energy, the largest privately held coal company in the United States recently filed for Chapter 11 bankruptcy. This continues to be a trend for coal companies over the last couple of years. As renewables like solar and wind become more cost effective, they are beginning to move coal fired power plants out of the picture. Unfortunately, the effects of this bankruptcy will harm only the most vulnerable. It will lead to workers and coal miners getting the short end of the stick, and top executives at Murray Energy getting off scot-free. “It (Murray Energy) will seek to be relieved of its obligations to retirees, their dependents and widows. We have seen this sad act too many times before.” (Source)
This past week, 20,000 renewable energy professionals flocked to Salt Lake City for Solar Power International and North America Smart Energy Week. Nestled in the spectacular Wasatch mountains, Salt Lake City was the perfect host for the conference. The people of the city were warm and friendly, and the views were breathtaking.
The sun is rising on the cannabis industry in the United States. Cannabis is now fully legal in ten states: Maine, Vermont, Massachusetts, Michigan, Washington, Oregon, California, Nevada, Colorado, Alaska, and the District of Columbia. With widespread legalization, the cannabis industry is growing rapidly. Despite its speedy growth, there are two major roadblocks that the cannabis industry faces. Energy costs and limited backing from traditional banks hinder the industry's further expansion.