Grist: From a failed coal auction in Wyoming to slowing demand in China, times are tough for the world`s dirtiest fossil fuel. And that`s before we even get to EPA`s new proposed power-plant rules.
The U.S. Bureau of Land Management held an auction Thursday for the right to mine 167 million tons of coal from the 1,254-acre Hay Creek II coal tract in Campbell County, Wyo. The highest bid of $35 million, by Kiewit Mining Properties, was so low that the bureau rejected it. From Bloomberg:
The companys...