Trump expected to announce $700 million boost for coal
President Trump is expected to announce that his administration will put about $700 million to bolster coal.
Trump is set to use wartime authority under the Defense Prevention Act to dole out $425 million to 13 existing coal plants and $75 million for an export terminal in California.
He is also expected to announce $185 million in grant funding from the Energy Department to build two new coal plants in Alaska and West Virginia and restart a plant in Maryland.
The plans were first reported by Bloomberg and confirmed to The Hill by a White House official.
Coal power use in the U.S. has been on the decline since its peak in 2007. It’s controversial because of its significant contributions to pollution and climate change, but is supported by the Trump administration, which argues that it’s an important source of reliable power. The president frequently calls it “clean” and “beautiful.”
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