President Trump Announces $700 Million Support for Coal Industry Amid Decline
President Trump is set to announce a $700 million initiative to support the struggling U.S. coal industry. This funding will be used to sustain 13 existing coal plants across 10 states and to construct two new coal plants in Alaska and West Virginia, marking the first new coal plants in the U.S. since 2013. The initiative also includes restarting a coal-fired power plant in Maryland and supporting the construction of a coal export terminal in Oakland, California. The administration is invoking a Cold War-era national defense law to justify this support, aiming to create or sustain over 14,000 jobs in coal, construction, rail, and maritime industries.