Perry's coal proposal seen unlikely to reverse historic decline

Analysts are skeptical that the US Energy Secretary's plan to reward certain coal-fired plants will be enough to keep back a long-term industry decline.
Photo: RITZAU/AP/Patrick Pleul
Photo: RITZAU/AP/Patrick Pleul
BY TIM LOH, BLOOMBERG

U.S. Energy Secretary Rick Perry's plan to reward coal-fired power plants that keep large stockpiles of fuel won't be enough to reverse the industry's long-term decline, analysts say.

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