Core Points - The U.S. government is preparing to conduct its largest coal sales in over a decade, offering 600 million tons from publicly owned reserves in Montana and Wyoming [1][4] - The sales align with President Trump's goal to increase coal extraction from federal lands, despite most power plants served by these mines planning to cease coal usage within the next decade [2][3] - The push for coal sales raises questions about future demand, as power plants are increasingly moving away from coal, highlighting the challenges of reviving a declining industry [3] Industry Context - The upcoming lease sales are located in the Powder River Basin, which is known for being the most productive coal field in the U.S. [4] - The Biden administration previously blocked future coal leases in the region due to concerns over climate change, indicating a shift in policy direction [5] - Trump's administration has expedited coal lease approvals and expansions across multiple states, disregarding greenhouse gas emissions considerations [6][7]
Trump is reviving large sales of coal from public lands. Will anyone want it?
Yahoo Financeยท2025-10-04 12:19