President Donald Trump on Tuesday unveiled sweeping plans to revive U.S. coal production to meet the nation’s rising energy demands, marking a dramatic policy reversal from the climate-focused agendas of the Biden and Obama administrations.
Meanwhile, Wall Street plunged deeper into negative territory as escalating tariff tensions with China reignited fears of a global economic slowdown.
“We’re ending Joe Biden’s war on beautiful clean coal once and for all,” Trump declared. “We’re going to reopen those plants, put miners back to work, and get approvals very fast.”
Trump’s order directs federal agencies to fast-track mining permits, slash environmental regulations, and expand coal leases on federal lands.
“Pound for pound, coal is the single most reliable, durable, secure, and powerful form of energy on Earth,” the president added.
According to the U.S. Energy Information Administration, coal production in 2023 totaled 578 million short tons, less than half the 1.17 billion short tons produced …Full story available on Benzinga.com
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