Trump economic adviser Cohn says coal can be competitive again: CNBC

Director of the White House National Economic Council Gary Cohn arrives prior to U.S. President Donald Trump announced his decision to withdraw from the Paris Climate Agreement, at the White House in Washington, U.S., June 1, 2017. REUTERS/Joshua Roberts

WASHINGTON (Reuters) - U.S. President Donald Trump’s top economic adviser on Friday said the nation’s withdrawal from the Paris climate accord will help keep energy markets competitive, allowing for a potential comeback in coal prices and the U.S. coal industry.

Speaking in an interview on CNBC, National Economic Council Director Gary Cohn said that despite competition from cheap natural gas, “at some point in the cycle, coal will be competitive again,” adding: “We need to keep our options available to have the cheapest available energy” on a global market.

Reporting by Susan Heavey and Mohammad Zargham; Editing by Chizu Nomiyama