Trump Administration Launches Comprehensive Initiative to Revive American Coal Industry
In a bold effort to reinvigorate the struggling coal industry, the Trump administration has unveiled a sweeping plan that includes a $625 million investment aimed at boosting coal-fired power plants and expanding coal leasing on federal lands. Officials are optimistic that these moves, along with the opening of 13 million acres for new coal mining, will help ensure the viability of coal as a key energy source. Regulatory changes aiming at looser environmental restrictions are also on the agenda, as the administration positions itself to reverse the decline of coal plant use. While there are concerns about the potential for increased electricity costs and environmental impacts, supporters, including various industry stakeholders, express optimism about a coal revival fueling economic growth and job creation.
U.S. Department of the Interior (.gov), The New York Times, The Guardian, AP News, Fox Business, CNBC, Reuters, Bloomberg.com, Utility Dive, The Hill