Coal Mining Intro

2015 saw an already weakened coal mining industry sink further into distress.

Answer

 A number of major U.S. coal mining companies filed for bankruptcy, global coal demand continued to decline, and a solidifying policy consensus among the world’s largest banks indicated that capital for coal mining had begun to dry up. The year ended with an agreement at COP 21 in Paris, which signaled that world governments were committed to transitioning away from high-carbon fuels and towards a zero-carbon economy, further darkening the long-term prospects for coal producers.

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