Boss Of Coal-Hauling Railroad CSX Says ‘Fossil Fuels Are Dead’

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The CEO of freight railroad CSX Corp., one of the largest U.S. haulers of coal, warns that the days of transporting and burning coal are numbered.

Fossil fuels are dead, Hunter Harrison told analysts Wednesday, according tomedia reports. Thats a long-term view. Its not going to happen overnight. Its not going to be two or three years, but its going away in my view.

For that reason, he said, CSX will cease making investments in coal.

Unless something changes drastically in the market, were not going to go out and put a double track in, or buy locomotives or anything for coal, Harrison said, according to E&E News. Having said that, the last carload of coal thats shipped out of this country, I want to be the carrier that shipped it.

Harrison joins a growing list of industry experts to signal that President Donald Trumps promises to revive the dying coal industryand put miners back to work likely wont prove fruitful.

My administration is putting an end to the war on coal, Trump said at an executive order signing ceremony in March. Were going to have clean coal, really clean coal.

That same month, Robert Murray, owner of the worlds largest private coal company, said he told Trump to temper his expectations about reversing coals decline. And in May,Gary Cohn, director of the White House National Economic Council, told reporters that coaldoesnt make sense anymore.

Still, Trump continues to advocate for the coal sector in his push for energy dominance.

Just this week, Trump took credit for creating tens of thousands of new mining jobs a claim that appears patently false and said miners are very happy with Trump and with [Vice President Mike] Pence.

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