The coal industry thinks that consumers do not have to choose between the environment and sustainable, affordable energy with the right technology.
Meanwhile, coal production in Virginia fell 18% in the last year, reports Rex Bowman for the Richmond Times-Dispatch. Why? Funny thing: nobody really knows. What Virginia coal officials do know is that production has been in a slow decline since 1990. Wyoming is the top coal-producing state, with 453.6 tons in 2007. Virginia produced 25.3 tons last year.
Market Vectors Coal (KOL) has been mining some good returns since its launch on Jan. 15, up 10.2%. The last couple weeks have been strong for the black stuff, as it’s up 10%.