National Coal Council urges Trump administration to provide loan guarantees and grants for coal plants

IndustryRegulation
โดย Seeking Alpha·Read original
Summary · why it matters

The National Coal Council, which advises the Trump administration, urged the Department of Energy on Tuesday to provide financial support including loan guarantees and grants to help existing coal plants and build new ones. In a report sent to the DOE, the council made 19 recommendations, including financial support for additional export terminals on the West Coast to access Asian markets. The group also recommended that the U.S. government enter power purchase agreements and invest in coal infrastructure, and called for removing regulatory, financial, and other barriers to constructing new plants. President Trump reinstated the council last year after it lapsed during the Biden administration; its membership includes executives from Peabody Energy, Warrior Met Coal, and Core Natural Resources.

Impact on stocks 6

Materials▲ · 3 stocks
Warrior Met Coal Inc
HCC
▲ PositiveRegulationrelevance

Council recommends loan guarantees and grants for coal plants, benefiting Warrior Met Coal as a member.

Energy▲ · 2 stocks
Peabody Energy Corp
BTU
▲ PositiveRegulationrelevance

Council recommends loan guarantees and grants for coal plants, benefiting Peabody as a member.

Industrials▲ · 1 stocks
Core Natural Resources, Inc.
CNR
▲ PositiveRegulationrelevance

Council recommends loan guarantees and grants for coal plants, benefiting Core Natural Resources as a member.

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