President Trump is set to sign an executive order this afternoon to “unleash American energy” and revitalize the coal industry in America, a promise he made on the campaign trail.
The President is hosting mining company executives in the East Room of the White House as he signs the order.
Executives from Peabody Energy Corp., Core Natural Resources Inc., and Ramaco Resources are reportedly in attendance.
The executive order will “unleash the might of our beautiful clean coal industry in this country, which is a reliable energy source also for AI,” White House Press Secretary Karoline Leavitt said during a press briefing earlier.
Per Bloomberg:
In an executive order Trump is set to sign Tuesday afternoon, the president will direct a number of steps by the federal government meant to reinvigorate coal said a senior White House official. The actions including emphasizing the US is back in the business of selling coal mining rights on federal land and ordering the rock be designated as a critical mineral. Other steps include accelerating the export of US coal and related technologies.
Yet it’s unclear whether the new initiative will be enough to dramatically shift the domestic landscape for coal, which has declined in the face of competition from low-cost natural gas and renewable power, as well as environmental regulations and climate change concerns. It’s also not certain technology companies that have embraced emission-free nuclear and renewable energy will be eager to power their data centers with coal.Nevertheless, the executive order underscores Trump’s commitment to tapping America’s coal resources as a source of both electricity to run data centers and heat to forge steel. The president and top administration officials have made clear boosting coal-fired power is a top priority, one they see as intertwined with national security and the US standing in a global competition to dominate the artificial intelligence industry.The US is “way ahead right now in the AI race with China,” Trump told reporters Monday during an event in the Oval Office. But, Trump added, the provision of electric power for data centers is critical to maintaining that advantage.
In his order, the president will require agencies to rescind policies that seek to transition the nation away from coal production or otherwise establish preferences against using the fossil fuel as a source of electricity. The electric sector is the second-largest source of greenhouse gases in the US, behind transportation, and coal produces twice as much as its nearest rival, natural gas, when burned to generate electricity.
Watch live below:
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