Recode/Business Insider/Associated PressOklahoma’s coal industry is struggling to keep its prices stable after two months of drought and the collapse of the global market.
The U.S. coal industry was reeling from a weak global economy and a drop in the price of oil.
It’s been unable to compete with cheap natural gas from China.
And it’s been struggling to secure the right to produce more than 100 million tons of coal a year in the West.
Coal has been a major source of the nation’s electricity for nearly 50 years.
In 2015, it produced about 30% of the state’s electricity.
Now, it’s the only source of power in Oklahoma.
It will be harder for the coal industry to recover, and the state is considering banning new coal leases altogether.
The U.N. agency that regulates the world’s largest economy, the World Trade Organization, has set a deadline of July 31 for the U.K. and other countries to take action to curb global warming.
And President Donald Trump has proposed a tax on carbon emissions that would hit coal companies especially hard.
The state of Oklahoma has been looking for ways to protect its coal industry from the economic impact of climate change.
The state has already taken steps to lower emissions from the coal mines that power the state.
The move was made in response to a federal court order that banned coal leases in the state in 2014.