Global Markets

Coal is main beneficiary of Trump deregulation

While the revival of fossil fuel production in the United States has coincided with Donald Trump’s presidency, there is little evidence it has been driven by it While the revival of fossil fuel production in the United States has coincided with Donald Trump’s presidency, there is little evidence it has been driven by it.
By Peter Stewart 3 May 2017 0 25728
The US has seen a 17.5% increase in coal production so far this year. (PA)

Since taking office, US President Donald Trump has signed 24 executive orders, issued more than 40 presidential memorandums and proclamations, and passed 28 bills – most of which have simply rolled back legislation enacted by his predecessor, Barack Obama. It has been widely noted that the number of presidential orders issued by Trump exceeds that by any president since World War 2.

Despite the flurry of activity, substantive action by Trump on energy has mainly been in the form of extensive deregulation of the sector. On...