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Trump directs $700M for coal support
U.S. President Donald Trump relies on the authorities granted by the Defense Production Act of 1950 to allocate approximately $700 million to support the coal industry in the United States. This funding aims to modernize 13 coal-powered plants and support the establishment of an export terminal on the West Coast, with the goal of boosting domestic production and exports, despite environmental criticisms that consider it a subsidy for a polluting industry. The Trump administration justifies this approach as necessary for national energy security and to meet the growing demand for electricity.
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