WATCH LIVE: Trump to announce $700 million in coal support
President Donald Trump is expected to announce roughly $700 million in support for coal-fired power and coal exports on Wednesday at 3 p.m. from the Oval Office.
TL;DR
- President Donald Trump is expected to announce $700 million in support for coal.
- Support will cover coal-fired power and coal exports.
- The announcement is scheduled for Wednesday at 3 p.m. from the Oval Office.
- Trump may use the Defense Production Act, a Cold War-era law, to boost industrial production.
- Coal power has declined over the past two decades.
- The EPA has rolled back Biden-era anti-pollution measures.
- These rollbacks are linked to rising energy demands from AI and lower costs due to the war in Iran.