Trump Is 'Really Interested' in Coal Payments

ScienceRocks

Democrat all the way!
Mar 16, 2010
59,455
6,793
1,900
The Good insane United states of America
Trump Is 'Really Interested' in Coal Payments
Source: Bloomberg


Quote

West Virginia Governor Jim Justice said Donald Trump is “really interested” in his plan to prop up Appalachian mining by giving federal money to power plants that burn the region’s coal.

Justice, a coal and real estate mogul elected governor last year as a Democrat, announced at a West Virginia rally alongside President Trump last week that he’s becoming a Republican. Justice has recently spent a “goodly amount of time" meeting one-on-one with Trump and has liked the feedback to his pro-coal proposal. The plan calls for the Department of Homeland Security to send $15 to eastern U.S. utilities for every ton of Appalachia coal they burn.
“He’s really interested. He likes the idea,” Justice said in a phone interview on Wednesday when asked about Trump’s reaction. “Naturally, he’s trying to vet the whole process. It’s a complicated idea.”

In Justice’s eyes, the coal payments will be necessary because Trump’s moves to roll back regulations on the Appalachian coal industry won’t be enough to preserve it. The Appalachian coal sector has been shrinking for years as companies are forced to spend more money to access harder-to-reach seams of the fossil fuel. Meanwhile, competitors in regions including the Illinois Basin and Powder River Basin of Wyoming and Montana have much thicker coal seams that are cheaper to get to.



-snip-

Read more: https://www.bloomber...rested-in-coal-

What a load
 
DMDbaLrW4AA2P0u.jpg
 

Forum List

Back
Top