US Coal Exports
Exports Economic Contributions Report
Jun 29 2017

NMA Applauds President’s Energy Policy (National Mining Association)

Posted in All News

NMA Applauds President’s Energy Policy

WASHINGTON, D.C. – The U.S. mining industry applauded the administration’s bold emphasis on creating a robust market for all sources of domestic energy that the president highlighted in his energy speech today.

“A strong energy industry is a goal that will benefit all Americans and is achievable without diminishing the significant environmental protections that Americans rightfully expect,” said National Mining Association (NMA) President and CEO Hal Quinn.

As an example, Quinn cited the repeal of needless and costly regulation on coal that will allow U.S. consumers to benefit from the world’s largest coal supply. The Clean Power Plan (CPP), recently proposed for rescission by the administration, illustrates the impact of regulations on energy production.

Under the Energy Information Administration’s latest reference case, U.S. coal production will climb “significantly higher” without the constraints of the CPP, rising from 740 million short tons last year to almost 900 mst by 2025. The resulting 280-million-ton annual increase throughout this period could support the addition of 25,000 high-wage miners and ensure households and businesses have a more reliable supply of affordable electricity. Meanwhile, advanced technology is driving emissions reductions, with new coal plants today emitting up to 90 percent fewer emissions than those they replace.

U.S. coal exports, projected to rise this year to more than 71 mst, also serve the needs of the estimated 1.1 billion people in emerging economies who today lack access to affordable electricity. Every million tons of coal exported supports 1,320 jobs throughout the U.S. economy paying an annual average of more than $90,000. For further information on U.S. coal exports, click here.

The nation’s basic industries will benefit from a supply-side energy policy that promotes all energy sources. “U.S. mineral and metal mining is one example of an energy-intensive industry operating in a high-cost environment that is better able to compete in global markets with lower and less volatile energy costs,” Quinn said.

Quinn expects additional priorities for energy de-regulation may be identified next month from Energy Secretary Perry’s assessment of the impact of regulatory policies on baseload power.

See article here.

  • “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

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