JP Morgan Chase joined Bank of America, Citigroup, and Morgan Stanley in announcing that they would significantly reduce financing for coal-fired power plants.
Oregon Gov Kate Brown recently signed a bill requiring Oregon to eliminate coal from its energy supply by 2030, and requiring utilities to provide 50% of their power from RE sources by 2040. Oregon has lots of hydro-power.
In northeast Wyoming, the huge coal mining operations are slowing, and significant layoffs are underway.
In April, coal giant Peabody Energy filed for bankruptcy, following in the footsteps of other major coal companies like Arch Coal, Patriot Coal, Walter Energy and Alpha Natural Resources.
