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Trump Announces $700 Million in Funds Meant to Boost Coal Industry

The president announced a total of $700 million in federal money to reinvigorate the domestic coal industry, which has been in decline for decades.

Β© Evelyn Hockstein/Reuters

Of the roughly $700 million in total funding, $425 million would be used to upgrade and extend the life of 13 coal plants that otherwise might have closed in the coming years.

Trump uses wartime powers to dole out $700m to β€˜clean, beautiful’ coal

US president announces plans for two new coal plants, in Alaska and West Virginia, using Defense Production Act

Donald Trump is using wartime presidential authority to hand $700m to coal-fired power plants in the US, the latest move by the president to bolster what he called β€œclean, beautiful coal”, despite it being the dirtiest of fossil fuels.

β€œToday, we’re taking historic action to bring down the price of energy and the cost of living for all Americans with the power of clean, beautiful coal,” he said at a press conference on Thursday.

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Β© Photograph: Adrees Latif/Reuters

Β© Photograph: Adrees Latif/Reuters

Β© Photograph: Adrees Latif/Reuters

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