Donald Trump Is Pondering How to Help the Coal Industry

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President Trump is desperate to help out coal miners, but the problem is that nobody wants coal these days. Old coal-fired generating plants are being shut down, and earlier this year the Federal Energy Regulatory Commission turned down a request to subsidize them. So now the Trumpies are looking further afield:

Under the approach, the administration would invoke sweeping authority in the 68-year-old Defense Production Act, which allows the president to effectively nationalize private industry to ensure the U.S. has resources that could be needed amid a war or after a disaster….The statute classifies energy as a “strategic and critical material” and gives the president wide latitude to protect providers, including by ordering businesses to accept contracts for materials and services. It was previously invoked in 2001 to keep natural gas flowing to California utilities to avoid electrical blackouts.

I can hardly wait for this. Maybe Trump will nationalize the country’s coal plants. Maybe he’ll nationalize the mines. Maybe he’ll force companies to buy electricity at inflated prices from coal-fired plants. Who knows? Maybe he’ll just order the federal government to buy lots of coal and then dump it in the ocean. It looks like exciting days are ahead for free-market capitalism.

HERE ARE THE FACTS:

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Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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