- Two ex-Goldman bankers have made their fortune betting on a non-renewable resource, Bloomberg reported.
- Peter Bradley and Spencer Sloan have built a $1 billion commodities firm over the last eight years.
- Javelin Global Commodities is now the No. 1 US coal exporter despite the environmental concerns associated with the fuel.
Two former Goldman Sachs traders have built the largest coal-exporting business in America, despite a global push to move away from the controversial fossil fuel.
This story was originally published by Grist. You can subscribe to its weekly newsletter here.
Nearly all of the coal plants operating in the U.S. are now more expensive to keep online than it would be to build entirely new renewable energy facilities in their stead, according to a new analysis by Energy Innovation, an energy and policy firm. The analysis found that 99% of U.S.