Trump, who has told his fellow Americans he regards climate change as a hoax and has announced that he intends to withdraw the US from the 2015 Paris Agreement aimed at limiting the rise in global temperatures, came to office vowing to resuscitate his country’s ailing coal industry.
Latest statistics show that a limited revival in the fortunes of US coal is taking place, though energy analysts say this has little to do with the new administration in Washington.
What’s cheering US mining concerns—many of whom have declared bankruptcy or have teetered on the edge of financial collapse in recent years—is a big jump in exports over the past 12 months.
Exports in 2017 are likely to have risen by more than 50 per cent compared to the previous year, bringing in additional revenues of more than $1 billion. India, China, Brazil, Mexico, the Netherlands and Germany have been among the main export markets.
Overall production from US mines increased by nearly 10 per cent over the year. Trump pledged at election campaign rallies to “bring back coal” and revive thousands of mining jobs; according to the US Bureau of Labor Statistics the number employed in the sector has increased, but only marginally—from 50,000 at the end of 2016 to 51,000 at present.
Energy analysts point out that any revival in US coal is likely to be temporary and has to be set against a long-term decline in the industry. US coal production is down by a third from five years ago; in 2016 coal burning accounted for 30 per cent of US power generation—the lowest percentage on record.
For more information, refer to the original document by clicking the source.