Associated Press reported that Kentucky coal producers have reached an agreement to export 9 million tons of coal annually to India for the next 25 years in a USD 7 billion deal

The deal would equate to about 8% of Kentucky’s annual coal production

New Jersey based FJS Energy LLC signed the deal with India’s Abhijeet Group to purchase coal exports from Kentucky and West Virginia through Kentucky based affiliates FJSE Marshall and FJSE River Coal

Gov Steve Beshear’s office announced “International exports present a promising opportunity for Kentucky coal producers, as is demonstrated by this deal, and consequently for our communities whose economic vitality depends on coal.”

But environmental groups say the deal will only worsen the earth’s pollution problems.

Source - The Associated Press

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