President Donald Trump signed executive orders on Tuesday to boost coal production, citing rising electricity demand from artificial intelligence, according to CNBC. He said his administration would expedite leases on federal lands, streamline permitting, and invoke the Defense Production Act to “turbo charge” coal mining. The tech sector building AI data centers is prioritizing renewables and nuclear power over coal as a fuel source due to emissions concerns. Coal stocks climbed following the president’s order, with notable gains for Peabody Energy, Core Natural Resources, and Ramaco Resources.
