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Donât Leave W.Va. Behind With Coal
Apr 26, 2021
A study conducted by the Bureau of Business and Economic Research at West Virginia University, but commissioned by the West Virginia Coal Association, suggests the coal industry and coal-fired power plants are still a significant player in the state’s economy.
It showed mining and coal-fired power generation have a $14 billion impact on the Mountain State.
The study “came out even more overwhelming and convincing than even what we thought on the total economic impact,” said Chris Hamilton, president of the West Virginia Coal Association.
Certainly the research could point toward various conclusions, depending on the interpreter. In the case of the coal association, the results seemed clear cut.
West Virginia Coal Association President Chris Hamilton says they’re ‘bracing for the worst’ from the Biden administration; FOX Business Grady Trimble reports on the latest.
West Virginia coal miners ripped President Biden’sgreen energy push and said they’re skeptical those jobs even exist.
The president pledged to cut U.S. emissions in half by the year 2030, moving away from fossil fuels. The nation’s largest coal miners’ union in West Virginia said this week it will accept Biden’s move in exchange for guaranteed jobs for its displaced miners. We re bracing for the worst here. President Biden campaigned on eliminating coal-fired electricity, and he s basically taken those initial steps since he s taken over the White House, West Virginia Coal Association President Chris Hamilton told FOX Business’ Grady Trimble.
CHARLESTON â A recent study commissioned by the West Virginia Coal Association and conducted by the West Virginia University Bureau for Business and Economic Research, shows in 2019 the coal mining industry and coal-fired power plants generated approximately $14 billion in economic activity for the state.
The industries supported 17% of the stateâs total economic output or one out of every six dollars generated, the study showed. For context, total economic output for the state (GDP) was around $77 billion.
âThis study clearly points out the significance of West Virginia coal to our economy and state,â said West Virginia Coal Association President Chris Hamilton. âWe hope more people realize we have a special coal-based electric power system second to none. We have a very sophisticated fuel supply and electric generating infrastructure in West Virginia which is both reliable and low cost. We have among the lowest cost electric rates in our region and equall
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