Trump launches $700 million coal revival using wartime powers
TL;DR Summary
Donald Trump announced a $700 million plan to revive the US coal industry, invoking the Defense Production Act to fund 14 existing plants, 42 mines, build two new plants, and an Oakland export terminal, with about 1,400 jobs tied to the terminal and roughly 14,000 total jobs supported, plus an estimated $50 billion in potential energy-cost savings for consumers, as energy prices rise amid tensions with Iran and criticism of renewables.
- Donald Trump unveils $700m 'beautiful, clean coal' investment BBC
- Trump announces $19 million to modernize Wisconsin coal plant Milwaukee Journal Sentinel
- Trump announces $800 million plan to prop up the struggling coal industry The Washington Post
- Trump directs hundreds of millions of dollars to support coal using emergency powers Reuters
- Trump Announces $700 Million in Funds Meant to Boost Coal Industry The New York Times
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