US Coal Exports
Exports Economic Contributions Report
Oct 01 2013

University Study Shows Coal Exports Economic Impact in Virginia (National Mining Association)

 

Study: Coal Exports Contributed $500 Million to Hampton Roads in 2011

The State of the Region Report published this week by the Old Dominion University Economic Forecasting Project highlights the significant economic impact of coal export shipments from Hampton Roads, Va. The study found that coal exports contributed $500 million in direct economic impact and 1,100 jobs to the area in 2011. When indirect and induced effects are accounted for, it becomes even clearer how important coal export shipments are to Hampton Roads. Indirect and induced benefits to the area included more than $900 million in goods in services, $200 million in earnings across all private sector industries and almost 4,200 jobs.

A complete copy of the research is available here.

Not only is it the most influential coal exporting region in the U.S., but Hampton Roads is also one of the largest exporting regions in the world. In 2011, more than 47 million tons of coal were shipped from the Dominion Terminal Associates and Kinder Morgan facilities in Newport News and from the Lambert’s Point facility. Coal exports from Hampton Roads have nearly tripled since 2011, increasing its contribution to the community.

 

  • “The fact that we’re no longer in the age of energy scarcity – that we’re in the age of energy abundance – positions the United States in a totally different place. This gives access to affordable, reliable energy in the United States, and gives the U.S. a major competitive advantage.”
    – Dave Banks, Special Assistant to President Donald Trump for International Energy, June 2017
  • “It is in the national interest to promote clean and safe development of our Nation's vast energy resources, while at the same time avoiding regulatory burdens that unnecessarily encumber energy production, constrain economic growth, and prevent job creation. Moreover, the prudent development of these natural resources is essential to ensuring the Nation's geopolitical security.”
    – Executive Order on Promoting Energy Independence and Economic Growth, March 28, 2017
  • “Historically, U.S. companies seeking to expand their revenues focused first on increasing their number and share of U.S customers. For years, this focus served as a winning strategy for many of the most successful U.S. companies. Today, global economic trends make clear that successful companies are those that reach and sell to consumers outside U.S. borders and around the globe.”
    — 2011 National Export Strategy, U.S. Trade Promotion Coordinating Committee
  • “Federal regulatory agencies should not require climate change studies in the course of their permitting processes for proposed facilities. Coal will be consumed around the world regardless of U.S. trade policy. The only question is whether the coal is produced here in North America, where environmental standards are high, or elsewhere.”
    — U.S. Senator Lisa Murkowski, January 7, 2014
  • “At present 19% of the world’s population, 1.3 billion people, lack access to electricity and on New Policy Scenario projections there will still be 1 billion people without such access in 2030. To meet the UN Millennium Development Goal of eradicating extreme poverty by 2015, 395 million more people need access to electricity. There is a strong correlation between electrification and improvement in the United Nations’ Human Development Index.”
    — International Energy Agency, Coal Industry Advisory Board
  • “Access to electricity is strongly correlated with every measurable indicator of human development”
    — Berkeley Science Review, 2008

Count on Coal

National Mining Association

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