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Murray Energy's Bob Murray. Photo: Andreas Hoenig/picture alliance via Getty Images

Bob Murray, a coal executive who has pushed President Trump to financially support economically ailing coal plants, is not so sure it’s going to happen after more than a year of inaction.

Why it matters: One of the cornerstones of Trump’s presidential campaign was to revive American coal, which has declined significantly in the last decade due to competing electricity sources of natural gas and renewables along with tougher environmental rules by then-President Obama.

Driving the news: Last year Trump ordered Energy Secretary Rick Perry to find policies that can financially boost economically struggling coal and nuclear power plants, although no official strategy has emerged. Murray, who is close to the administration, has pushed for Trump to help plants that use his company’s coal. Talking to Axios Thursday, Murray said he was disappointed nothing has happened — and that he doesn’t know if it ever will.

"I don’t know if it’s going to happen. I don’t know. It’s the government. They are still studying that.”
— Bob Murray, CEO, Murray Energy

For the record: An Energy Department spokeswoman declined to comment Thursday evening.

One level deeper: No matter what steps the administration might take, it’s unlikely to substantively and permanently reverse the trends underway in the U.S. coal industry.

  • One bright spot for the coal sector under Trump is an increase in exports. That is due more to increased international demand with a growing global economy and little to do with Trump’s actions.
  • Murray said his exports were 6% of his production last year, and this year they’re 30%.
  • “That’s the only thing that’s saved a lot of us in the coal industry,” Murray said.

Go deeper: Trump’s electricity solution in search of a problem

Go deeper

Dave Lawler, author of World
12 mins ago - World

True COVID-19 death toll is double the official numbers, study finds

Expand chart
Data: IHME; Chart: Will Chase/Axios

There have been twice as many deaths from COVID-19 around the world as have been reported, according to the University of Washington's Institute for Health Metrics and Evaluation (IHME), which analyzed excess mortality and other factors.

The big picture: The U.S. has undercounted by over 300,000 deaths, while the death tolls in India and Mexico — second and third on the list, respectively — are nearly three times the official numbers, according to the analysis.

Top Wall Street cop says report on meme stocks is coming

Photo: Andrew Harrer/Bloomberg via Getty Images

Wall Street's top regulator says a report examining meme stock mania will be coming "sometime this summer."

The big picture: It will "detail the range of activities" that came out of the January events," SEC chair Gary Gensler said Thursday at a third congressional hearing held to dissect the GameStop trading phenomenon.

Exclusive: Jennifer Garner to be featured in Mother's Day vaccination campaign

Jennifer Garner. Photo by IngleDodd Media/via Getty Images

Actress Jennifer Garner will team up with the Biden administration in a coordinated campaign to encourage vaccinations around Mother's Day, Axios has learned.

Driving the news: The administration is eager to keep up the pace of inoculations now that all adult Americans are eligible but the pace of vaccinations is starting to slow.