Trump Backs Coal With $200B Loans and EPA Delays Amid 60-Year Low in U.S. Output
The White House took dramatic action Tuesday to resuscitate America’s declining coal sector, but market fundamentals and economic headwinds suggest the industry’s challenges run deeper than regulatory barriers. President Donald Trump signed four executive orders Tuesday aimed at revitalizing the U.S. coal industry, declaring an end to what he termed “Biden’s war on beautiful clean coal.” The directives instruct federal agencies to expedite coal leasing on public lands, streamline permitting processes, identify and challenge state-level climate laws, and explore coal-powered electricity for AI data centers. “We’re bringing back an industry that was abandoned,” Trump told an audience that included coal … Continue reading Trump Backs Coal With $200B Loans and EPA Delays Amid 60-Year Low in U.S. Output
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