Austrian economist Joseph Schumpeter once wrote, “Situations emerge in the process of creative destruction in which many firms may have to perish that nevertheless would be able to live on vigorously and usefully if they could weather a particular storm.”

If we are ever going to solve the problem of climate change, we will need innovative solutions to replace coal with natural gas, nuclear power, and other renewables. I am happy to report that we are finally developing the potential to reverse climate change.

According to the U.S. Department of Labor, the number of coal miners peaked in 1923 at 862,536 coal miners. By the end of 2022, there were approximately 38,300 coal miners.

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