US Coal Exports
Exports Economic Contributions Report
Jan 07 2018

David McKinley: A Coal Resurgence in Just a Year

Posted in All News

What a difference President Donald Trump has made in just 12 months. The restraining yoke of liberal policies instituted under former President Barack Obama has been lifted. This has resulted in 1.5 million jobs being created, pension funds stabilized, record low unemployment rates and our economy has grown at almost double the rate it did under Obama.

And particularly for those whose livelihood depends on coal, the outlook is especially exciting. Trump has ended the war on coal and has methodically been undoing the damage it caused. Obama had circumvented Congress and used executive actions to promote his ideologically driven climate agenda to devastate the coal industry across America. Even the Supreme Court agreed that his administration abused their authority and prevented a number of his regulations from taking place.

Obama’s EPA administrator, Gina McCarthy, even said that his power plant regulations wouldn’t have much impact on the global climate. When asked about the issue during an Energy and Commerce Committee hearing in 2015, she admitted: “not much … this is about America’s global leadership on the issue.”

Not much impact? These reckless regulations cost our country 86,000 mining jobs and forced 320 coal-fired power plants to close.

Any action that changes major energy policy should go through the legislative process, not unelected Washington bureaucrats. Trump recognizes this and has been reversing Obama’s regulations and restoring a level playing field for all sources of energy. He is simultaneously reaching out to Congress to find bipartisan legislative solutions.

That’s why it’s refreshing to have new leadership in Washington. Trump has taken a realistic approach when it comes to our national energy policy. As Chairman of the Congressional Coal Caucus, I have been working hand in hand with him to pursue a policy of American energy dominance as we seek to develop all forms of energy production.

At the beginning of the new administration, the Coal Caucus submitted a detailed 14-point list of priorities to help the coal industry recover. In less than a year, 11 of the 14 action items have been resolved.

For example:

America has withdrawn from the harmful Paris Climate Agreement and thereby saved American families and businesses millions in utility costs.

Trump has repealed power plant regulations that were costing thousands of jobs, causing plants to close, and threatening the security of our electric grid.

He lifted the moratorium on new coal leasing on federal lands.

He repealed a particular regulation on mining which could have cost an additional 78,000 mining jobs.

And finally, Trump has proposed a rule that will ensure the resiliency and reliability of the electric grid by helping coal and nuclear power.

These accomplishments have resulted in coal exports increasing 45 percent, which has resulted in over $1 billion in additional revenue. We’ve seen new investments in mining, bringing 50,000 new mining jobs nationwide, and continued research in clean coal technologies. They also demonstrate the effectiveness and leadership of the Coal Caucus and the Trump administration.

America has had tremendous success in developing clean coal technology. It’s time for us to export that knowledge to other countries. It’s naive to think that other countries won’t burn coal for energy; but by exporting the technology we’ve developed, we can have a big impact on worldwide emission levels. Clean coal can be the bridge as we develop other dependable sources for energy production. We can create more jobs by retrofitting our current coal-fired plants to use these new clean technologies.

It’s becoming clear that President Trump intends to work with Congress in establishing reasonable and achievable regulations rather than using unilateral executive orders.

President Trump listened to families in the coal fields across America and promised to fight for coal states, like West Virginia. While there’s still more work to be done, the Trump administration and Republicans in Congress have been keeping their promises.

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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