1 Day
Source:
The Boston Globe
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Trump to propose $700m for coal sector
President Donald Trump plans to allocate nearly $700 million to support coal-fired power plants and exports, aiming to revive the struggling U.S. coal industry. The initiative includes supporting 13 coal plants, including new facilities in Alaska and West Virginia, and restarting plants in Maryland, with the goal of creating over 14,000 jobs. The move involves using a Cold War-era law to assist coal industries amid declining coal production and increasing reliance on natural gas and renewables. Critics argue that this will lead to higher electricity costs and environmental harm.
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