A drone view shows coal being prepared for transport, along the Kanawha river outside of Charleston, West Virginia, March 19, 2025.
- President Donald Trump signed several executives order to support the coal industry
- Trump said he will use the Defense Production Act to boost domestic production.
- The president pointed to the rising electricity demand from artificial intelligence.
Watch 온라인카지노사이트 5 free wherever you are
President Donald Trump on Tuesday signed several executive orders that aim to boost domestic coal production, citing the need to meet rising electricity demand from artificial intelligence.
"We will rapidly expedite leases for coal mining on federal lands and we'll streamline permitting, we will end the government bias against coal and we're going to unlock the sweeping authorities of the Defense Production Act to turbo charge coal mining in America," Trump said at a signing ceremony at the White House.
Get top local stories delivered to you every morning with 온라인카지노사이트 DFW's News Headlines newsletter.
Coal plants are shutting down across the U.S. as they have lost market share to natural gas and have fallen out of favor due to their carbon dioxide emissions.
"If we want to grow America's electricity production meaningfully over the next five or ten years, we [have] got to stop closing coal plants," Energy Secretary Chris Wright told C온라인카지노사이트's "" earlier Tuesday.
The Trump administration wants to expand electricity output by 25%, said Wright, who founded , an oilfield services company, in 2011. "That means we need all the reliable, affordable, secure sources we have and coal is a central one of those," the energy secretary said.
Money Report
Coal stocks rose on the president's order. gained 9.2%, rose about 6.6%, and ended the day up 13.9%.
Trump told the World Economic Forum in Davos, Switzerland, in January that he would use emergency powers to of power plants for data centers. The president said plants can use whatever fuel they want, suggesting coal as a backup power source.
It's unclear whether data centers will turn to coal as a fuel source due to its emissions. Coal emits more carbon dioxide than natural gas, according to the Energy Information Administration, or EIA. The tech sector is playing the lead role in building AI data centers, and has focused on using renewables and, increasingly, nuclear energy to meet its environmental goals.
About 16% of U.S. came from burning coal in 2023, according to EIA data. Natural gas has displaced coal's market share over the past quarter century, boosted by the shale boom.
Electricity generators in the U.S. are planning to retire about 8 gigawatts of coal-fired capacity in 2025, representing nearly 5% of the coal fleet operating in 2024, . Production of coal in 2023 was less than half of the total in 2008, .
The largest grid operator in the U.S., , has warned that it will struggle to meet electricity demand due to planned power plant retirements, most of which are coal fired.
Correction: This article has been updated to correct the name of the Energy Information Administration.
