Trump Uses Wartime Powers to Spend $700 Million to Boost Coal Plants
President Donald Trump invoked the Defense Production Act and other authorities to provide $700 million in funding to support and boost the coal industry as part of the administration’s broader effort to meet rising energy demand.
TL;DR
- President Trump authorized $700 million to support and boost the coal industry.
- The funding utilizes the Defense Production Act and other authorities.
- The initiative aims to support current and future coal plants, coal export terminals, and restart existing ones.
- $425 million will fund 13 coal plants in states like West Virginia, Kentucky, North Carolina, and Arizona.
- $75 million is allocated for the West Gateway Terminal construction in Oakland, California.
- The administration aims to expand fossil fuel use to meet rising energy demand and lower prices.
- The Defense Production Act of 1950 grants the president authority over domestic industries for national defense.