Coal

Trump loses coal fight to Tennessee Valley Authority

Trump holding a coal sign
Trump holds up a 'Trump Digs Coal' sign at a rally. Photo: Dominick Reuter/AFP via Getty Images

The Tennessee Valley Authority's board voted Thursday to close 2 coal plants in a lopsided decision that thwarted President Trump's pressure to support coal.

Why it matters: The TVA votes underscore the tough economics facing coal-fired power, which is steadily losing market share to gas and renewables despite White House efforts to revive the sector.

Australia's coal exports are booming despite climate change concerns

Animated GIF of koala bears with coal eyes
Illustration: Sarah Grillo/Axios

NEWCASTLE, Australia — Coal exports out of this resource-rich nation brought in record-high revenue last year, according to government data released this month.

The big picture: As concerns about climate change grow, coal is considered on its way out. But for many growing economies in Southeast Asia that are Australia's biggest coal customers, it's often seen as the preferred, cheapest electricity option.

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