The American Coal Council (ACC) has welcomed the election of Donald Trump to the US presidency, noting his support for the US coal industry and promises to cut federal regulation of the industry.
“The coal sector has been devastated by lower demand and job loss in recent years due to the mounting impact of regulations pointed squarely at our industry. These regulations have significantly increased the cost of coal for electricity generation and industrial use, made it less competitive against other fuels, and resulted in the closure of a large number of coal plants”, ACC CEO Betsy Monseu said.
“Rather than offer environmental benefits, regulatory streamlining, and business planning certainty, regulations have become about costs, administrative burdens and lost jobs,” Monseu continued.
Trump now promised to change this, focusing on reducing “sweeping, excessive regulations in order to protect jobs, retain and grow out nation’s industrial and manufacturing base and reduce the costly burden of rules that lack commensurate benefits,” the ACC said.
“We look forward to working with President-elect Trump and the member of Congress to begin the process of restoring coal and rebuilding the nation’s economy,” the ACC concluded.
Read the article online at: https://www.worldcoal.com/coal/14112016/the-acc-welcomes-the-election-of-donald-trump/