Fossil fuels are dead says rail baron who hauls 800,000 carloads of coal a year

[turbinetree]

There’s no future in transporting coal, says Hunter Harrison, CEO of CSX freight railroad.

Harrison told analysts on Wednesday that CSX, one of the country’s largest transporters of coal, won’t buy any new locomotives to haul the fuel. “Coal is not a long-term issue,” he said. The company currently hauls some 800,000 carloads of coal a year.

“Fossil fuels are dead,” Harrison continued. “That’s a long-term view. It’s not going to happen overnight. It’s not going to be in two or three years. But it’s going away, in my view.”

Harrison joins a chorus of experts who understand that economic reality makes President Donald Trump’s pledges to significantly expand the use of coal just empty words.


https://thinkprogress.org/fossil-fuels-are-dead-says-rail-baron-b177af077344

[gilbert sullivan]

1. There is an alarming chunk of people who appear to sincerely believe that the supply of

fossil fuels is virtually infinite. More than a few of them also believe in talking snakes, global floods, men living inside fish,
guys who walk on water and dead people who wake up after 3 days.