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Making Coal Country Great Again: Trump Overturns Obama’s Crazy Coal Bill

Under the Obama administration, the American coal industry was completely destroyed. Slews of companies went bankrupt and the idea of ‘clean coal’ technology went out the door with the jobs once enjoyed inside of the dark, cavernous, mines of West Virginia.

“We’re bringing it back, and we’re bringing it back fast.”
– President Donald John Trump

Source: Daily Caller

Both chambers of Congress passed resolutions under the Congressional Review Act (CRA) earlier this year to eliminate the Department of the Interior’s so-called “Stream Protection Rule” on coal mine discharge into nearby streams.

Trump was expected to sign the CRA into law. The president said in a previous statement the $1.2 billion stream rule “duplicates existing protections in the Clean Water Act and is unnecessary given the other Federal and State regulations already in place.”

Trump said he’s “committed to reviving America’s coal mining communities, which have been hurting for too long” — a major campaign promise he made was to rollback federal regulations on coal use.

Lawmakers have introduced at least 37 CRA resolutions to repeal Obama-era rules. As many as 150 regulations are eligible for repeal under the CRA, according to experts.

The Obama administration finalized the stream rule in December 2016. Democrats and environmentalists support the rule because it restricts the amount of mining that can happen in Appalachia.

Republicans argued the stream rule is duplicative and would force more coal mines to close, forcing more miners out of work. Democratic Sens. Joe Manchin of West Virginia and Heidi Heitkamp of North Dakota supported the rule’s repeal.

“Because of the war on coal waged by the Obama administration, over 240 coal fired plants have closed and 83,000 people have lost their jobs,” West Virginia Rep. David McKinley said in a statement. “Fortunately, we finally have a partner in the White House who understands just how damaging these rules can be.”

 

 

Coal stocks to watch: $ARCH, $CNX, $CLD, $WLB

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19 comments

  1. ericbakerbruce

    Trump is, without a doubt, the best thing to happen to this country since Reagan.

    • 4
    • 2
    • 1 Deem this to be "Fake News"
  2. halfbloodpope

    Trump is a man of the coal miners.

    • 2
    • 1
    • 1 Deem this to be "Fake News"
  3. cancel19

    Trump is just the advent of practicality and common sense. Natural selection at its finest.

    • 3
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    • 2 Deem this to be "Fake News"
  4. Research Donkey

    $ARLP?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. heckler

    Let’s get those ol’ 9lbs hammers a swinging boys! Hack, hack! .. Oh sorry, black lung

    • 1
    • 1
    • 1 Deem this to be "Fake News"
  6. zheeeem

    Clean coal is a lie.

    • 1
    • 0
    • 2 Deem this to be "Fake News"
  7. cancel19

    Given an opportunity and time, yes coal can be “clean”. Science can do anything given it enough time and desire. Only an ignorant fool will disagree.

    • 0
    • 1
    • 0 Deem this to be "Fake News"
  8. bennyhill

    You primitive apes – coal is not going to be a financially viable resource long term. Even India is getting off of coal dependency. Get off your ticker-trading asses, stop being parasites on the financial system, and buy some fucking solar panels.

    • 3
    • 0
    • 0 Deem this to be "Fake News"
  9. traderconfessions

    In what universe is dumping coal waste discharge into streams good news? Guess if any of you lazy fucks fished or enjoyed the outdoors you’d appreciate the stupidity of this.

    • 3
    • 0
    • 0 Deem this to be "Fake News"

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