1 Day
Source:
The Fiscal Times
Trump proposes $700M for coal plants and exports
President Donald Trump announced a plan to allocate nearly $700 million to support the U.S. coal industry, utilizing the Cold War-era Defense Production Act. The initiative aims to sustain 13 coal plants across the country, modernize existing facilities, restart a shuttered plant, and fund the construction of a coal export terminal, creating over 14,000 jobs. This effort represents an attempt to reverse the long-term decline of coal power and promote energy reliability, despite criticism from environmental groups emphasizing its environmental impact.
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