APNewsBreak: Chevron exiting coal mining

CHEYENNE, Wyo. (AP) — Petroleum giant Chevron Corp. said Friday it plans to get out of the coal industry by the end of the year.

The decision came after the company determined that new coal technologies were developing too slowly to make staying in the industry a good strategy, Chevron Mining Inc. spokeswoman Margaret Lejuste said.

One of the technologies is known as coal-to-liquids, in which coal is processed into diesel, gasoline or other fuels.

"Those technologies are so far into the future, 10 to 15 years in the future, they made the strategic decision to focus on other operations other than mining," she said of the company.

Chevron intends to sell off three …