In other news, the third largest coal company in the U.S. by volume (50 million tons in 2018), Cloud Peak Energy, has filed for chapter 11 bankruptcy.
Meanwhile, the concentration of carbon dioxide molecules in the atmosphere has reached a level not seen since before humans evolved.
The last time levels of atmospheric carbon dioxide were this high came during the Pliocene Epoch, which extended from about 5.3 million to 2.6 million years ago. During that period, average sea levels were about 50 feet higher than they are today and forests grew as far north as the Arctic, said Rob Jackson, a professor of earth system science at Stanford University. “Earth was a very different place,” he said. “You would hardly recognize the land surface, and my gosh, we don’t want to go there.”
Finally, no one wants to live in Trump Tower anymore. Condos in the build are selling at a significant loss.
For anyone who owns a unit in the tower, the past two years have been brutal. Most condo sales have led to a loss after adjusting for inflation, property records show. Several sold at more than a 20% loss. By contrast, across Manhattan, just 0.23% of homes over the past two years sold at a loss, according to real-estate data provider PropertyShark, although the firm doesn’t adjust for inflation.
