Coal companies will soon decide how much appetite they have for President Trump’s push to revive their industry. (Reuters)
Competitive auctions begin this week in Alabama, Utah, Montana, and Wyoming, offering nearly 600M tons of recoverable coal across multiple tracts. Royalties were cut to 7% under President Trump’s tax law, down from up to 12.5%.
Industry groups predict strong interest, but critics say any new leases would commit future generations to coal long after the market has moved on.