Investor Presentaiton
The American Jobs Plan should additionally build upon efforts by our congressional delegation to
create new opportunities for coal in the 21st century energy economy by spurring new coal-based
products and funding RD&D relating to the extraction of rare earth minerals (which are critical in the
production of high-tech products) from coal and coal byproducts.
THE AMERICAN JOBS PLAN SUPPORTS ADDITIONAL INVESTMENT IN COAL COMMUNITIES
As advocated for in West Virginia's Energy Future, the American Jobs Plan includes not only
provisions aimed at developing new opportunities for the coal industry, but also provisions aimed at
creating other jobs and local investment in coal communities.
Our modeling of energy scenarios for West Virginia only takes into account a sliver of the investments
in our state that are proposed in the American Jobs Plan - specifically just the extension of tax
credits for renewable energy and energy storage technologies.
The American Jobs Plan contains many other provisions that would generate investment in West
Virginia's energy industry and coal communities several of which are now also included in Senator
Manchin's Energy Infrastructure Act 10 - such as:
PROGRAM
Economic Development in Appalachia
Reclamation of Abandoned Mines and Wells
Brownfield Site Remediation
TOTAL 10-YEAR FUNDING PROPOSAL¹1
$994 million
$16 billion
$5 billion
Clean Energy and Sustainability Accelerator
$27 billion
Hydrogen and Carbon Capture Demonstration Projects $9.3 billion
ARPA-Climate Demonstration Projects
CO₂ Sequestration Tax Credits
Weatherization of Houses and Buildings
Manufacturing Extension Partnership
Regional Innovation Hubs
Broadband Infrastructure
$15 billion
$6 billion
$17.5 billion
$7 billion
$10 billion
$100 billion
8 See Creating Opportunities And Leveraging Technologies for Coal Carbon Act (COAL TECC Act), S. 3047, H.R. 5704, 116th Cong. (2019-2020).
9 See Rare Earth Element Advanced Coal Technologies Act (REEACT), S. 1052, 116th Cong. (2019).
10 S. 2377, 117th Cong. (2021).
11 Budget of the U.S. Gov't FY 2022, White House Office of Mgmt. and Budget (2021), available at https://www.whitehouse.gov/wp-content/uploads/2021/05/
budget_fy22.pdf.
WEST VIRGINIA'S ENERGY FUTURE
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