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Trump orders coal revival, but market favors natural gas

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President Trump speaks at a lectern with a microphone. Behind him stand rows of coal and energy workers wearing hard hats and uniforms with reflective strips.

President Trump speaks alongside coal and energy workers during an executive order signing ceremony at the White House on April 8. Anna Moneymaker/Getty Images hide caption

toggle caption Anna Moneymaker/Getty Images

On his first day back in office, President Trump promised to "unleash American energy".

Now, he has signed four executive orders in an attempt to revive America's coal industry.

At a White House event on April 8, with dozens of coal industry workers in uniforms and hard hats standing behind him, Trump spoke of a coal renaissance.

 "We're bringing back an industry that was abandoned," Trump said. "With us today are some of the amazing workers who will benefit from these policies."

The executive orders open up new leases for mining coal on federal land and loosen emission standards for coal plants. They direct the Justice Department to take legal action against state laws and regulations that impede energy development.

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