Coal (LUK25) was once the largest source of electricity generation in America, but its dominance has steadily eroded for more than a decade. Now, President Donald Trump’s administration is making a decisive move to reverse that course. Through an executive order on April 8, it is preparing to “shovel” taxpayer money into the coal industry, aiming to resurrect the fossil fuel after years of decline.
The effort goes beyond financial support. Coal is being reclassified as a “critical mineral,” a designation that could open doors for regulatory advantages. Federal land, previously restricted, is once again available for new mining leases. Even shuttered coal plants, once symbols of the industry’s downturn, may soon roar back to life.
