President Trump's declaration at the World Economic Forum that 'nothing can destroy coal' sent U.S. coal producers' stock prices soaring. This endorsement, while not new, highlights Trump's commitment to reviving the coal industry, which has struggled in recent years. The article explores how Trump's policies, including deregulation and opening federal lands for exploration, aim to make U.S. energy production dominant and secure.
In classic Trump fashion, the President declared at the World Economic Forum in Davos, “Nothing can destroy coal. Not the weather, not a bomb. It’s a great backup.” These words, delivered with signature bravado, sent a warm glow through U.S. coal producers—along with a noticeable bump in their stock prices. Peabody Energy Corp. surged over 7%, Core Natural Resources Inc. climbed nearly 3%, and the coal subsector index shot up by over 4%.
In his first-day-in-office executive order, President Trump declared a national energy emergency, tearing down regulatory barriers and throwing a lifeline to fossil fuels. Oil and gas are front and center, but coal isn’t getting overlooked entirely, securing the equivalent of a wink and a “we’ve got your back.” The President’s message, delivered by video at Davos, is this dominance is the goal, and no stone—or coal seam—will be left unturned. Trump’s sweeping policies aim to make U.S.
COAL ENERGY TRUMP ECONOMY DOMESTIC PRODUCTION
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Davos and Trump: A World Order at OddsThis article examines the clash between Donald Trump's 'America First' agenda and the Davos World Economic Forum's promotion of globalisation. It highlights the rising tide of revisionism in the US, China and Russia, challenging the post-Cold War world order.
Read more »
Liverpool get double fitness boost as Arne Slot gives update on Dominik SzoboszlaiArne Slot delivers the latest on Dominik Szoboszlai and Jarell Quansah ahead of Saturday's FA Cup meeting with Accrington Stanley
Read more »
Pep Guardiola gives Man City injury update with Oscar Bobb boostManchester City saw Oscar Bobb return to partial training this week and Pep Guardiola spoke about the club's injury situation
Read more »
Portrait of Britain win gives Devon woman a confidence boostPhotography is about human connections, says the Falmouth University graduate.
Read more »
Davos agenda turns to dealmaking and growth as Trump takes officeUS financiers look to revival of ‘animal spirits’ despite concerns over threat of trade tariffs
Read more »
Reeves Courts Investors at Davos Amidst Trump's ShadowUK Chancellor Rachel Reeves travels to Davos to attract investors to UK growth projects, joining global leaders in the wake of Donald Trump's inauguration. The event's agenda is anticipated to be influenced by Trump's policies, particularly his potential trade tariffs.
Read more »