A Coal CEO Backs Trump But Doubts His Understanding of the Industry

first_imgA Coal CEO Backs Trump But Doubts His Understanding of the Industry FacebookTwitterLinkedInEmailPrint分享Taylor Kuykendall for SNL:With early-choice candidate Ted Cruz out of the picture, Murray Energy Corp. founder and CEO Robert Murray is pivoting his support to presumptive Republican presidential nominee Donald Trump, though he thinks he may need to temper recent promises to return coal to its glory days.Murray expressed his support for the presumptive Republican presidential nominee at the Virginia Coal and Energy Alliance annual conference May 23. He said he based his opinion on a recent meeting with Trump in which the two discussed energy policy.Murray said he did feel the need to curb Trump’s enthusiasm in at least one way.“He wants to bring the mines back and I told him that was not possible,” Murray said. “I explained to him that mines are a living thing and that they cave in. They flood and you can bring a new mine back in that reserve, but now you have the capital cost that renders the mine noncompetitive in the energy mix.”Full article ($): Coal CEO backs Trump, but warns against promising mines’ returnlast_img read more