06:13 AM EDT, 04/09/2025 (MT Newswires) -- President Donald Trump signed an executive order Tuesday aimed at bolstering the US coal industry, calling the high-carbon-emission fossil fuel source "abundant and cost effective."

"Our nation's beautiful clean coal resources will be critical to meeting the rise in electricity demand due to the resurgence of domestic manufacturing and the construction of artificial intelligence data processing centers," Trump said.

The order called for increasing coal exports and "ensuring that federal policy does not discriminate" against the fuel. It also called for an identification of coal resources and reserves on federal lands and lifting of restrictions to "ultimately enable the mining of such coal resources by either private or public actors."

Peabody Energy ( BTU ) shares were up 17% in recent premarket activity Wednesday, while NACCO Industries ( NC ) rose 6.1%.