Currents - Energy Industry Insights, Volume 6, Issue 10

WVU Study Shows American Coal Industry Generates $261 Billion in Economic Activity, 381,000 Jobs -

“The study, conducted by the West Virginia University Bureau for Business and Economics Research, shows that the mining industry alone spends more than $10.6 billion on wages nationally and coal operators generated approximately $43.5 billion in economic activity in 2021.”

Why this is important: A new study by the West Virginia University Bureau for Business and Economics Research (“BBER”) finds coal mining and its use generates $261 billion in economic impact and 381,000 jobs throughout the U.S. The mining itself produces $10.6 billion in wages and in 2021, U.S. coal-fired electrical plants produced 899 million MWs of electricity. The leading coal producing states produced 527 million tons last year and in order of production are: WY (239.2 mt); WV (78.6 mt), PA (42.4 mt), IL (36.8 mt), MT (28.6 mt), KY (26.6 mt), ND (26.5 mt), IN (19.5 mt), TX (17.3 mt), and UT (12.3 mt). With the Ukraine invasion and turmoil in U.S. energy markets, coal has seen dramatic increases in use and sale prices this year.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Spilman Thomas & Battle, PLLC | Attorney Advertising

Written by:

Spilman Thomas & Battle, PLLC
Contact
more
less

Spilman Thomas & Battle, PLLC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide