Trump Announces $700 Million Investment in Coal Plants and Export Terminal
President Trump has announced a $700 million investment to support the coal industry, focusing on coal plants and a new export terminal. The funding will be distributed under the Defense Production Act, with $425 million allocated to upgrade 13 coal plants across 10 states and $75 million for a new export terminal in Oakland, California. Additionally, $200 million will be used to build new coal plants in Alaska and West Virginia and restart a plant in Maryland. This initiative is part of the administration's efforts to bolster the fossil fuel industry and ensure energy security.