Trump admin tries again to revive dying coal industry
On Thursday, President Donald Trump announced his administration’s latest attempt to prop up the US coal industry during an incoherent press event that randomly oscillated between energy issues and Trump’s fixation with building and renovating monuments in DC. The energy portion of the events was also frequently disconnected from reality.
“Today we’re taking historic action to bring down the price of energy and the cost of living for all Americans with the power of clean, beautiful coal,” said Trump, apparently unaware that coal is one of the most expensive means of generating electricity in the US.
With wind and solar power getting cheaper, coal has become the second-most expensive way of producing electricity, trailing only the cost of building a new nuclear plant. As a result, no new coal plants have been completed in over a decade, and coal has gone from powering over half the electrical grid to producing...
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