Trump plans $700 million in new coal support, White House official says
The package includes $425 million for 13 coal plants and nearly $200 million for new and restarted facilities, officials said.
- On Thursday, President Donald Trump is expected to announce a $700 million initiative to bolster U.S. coal plants and export infrastructure during an Oval Office event, utilizing Defense Production Act authorities.
- The plan distributes $425 million under the Defense Production Act to 13 existing coal plants, while the Energy Department provides $185 million for two new facilities in Alaska and West Virginia plus a Maryland restart.
- Trump argues electricity from coal is necessary to feed the country's energy-hungry computing power, frequently describing the fuel as "clean" and "beautiful" to support his domestic energy dominance agenda.
- An additional $75 million supports the proposed West Gateway export terminal in Oakland, California, creating a new avenue to ship potentially 12 million tons of coal from Wyoming and Montana.
- Critics argue the move wrongly prolongs reliance on fossil fuels, as coal's share of U.S. electricity generation fell to about 17% last year amid a shift toward natural gas and renewables.
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Indiana to Benefit from Trump’s Coal Funding Package
Source: BRENDAN SMIALOWSKI / Getty WASHINGTON — President Donald Trump announced a series of coal-related investments during an Oval Office event Thursday, including funding tied directly to Indiana’s energy sector. The plan includes 425 million dollars in Defense Production Act funding for 13 coal plants nationwide, including facilities in Indiana. Trump said the money will help extend plant lifespans, improve grid reliability, and support cont…
Trump commits $700M to prop up coal industry
What happenedPresident Donald Trump on Thursday said his administration was pouring more than $700 million into reviving the struggling coal industry. The funds will reopen one coal-fired power plant, extend the life of 13 others, subsidize coal mining and export operations and build the first two new coal-burning plants since 2013. Trump said he was invoking the 1950 Defense Production Act to intercede in the market. The money for the new coal-…
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