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Trump unveils $700 million coal funding plan

2026-06-05 0 Dailymotion

US President Donald Trump has announced a $700 million investment package aimed at boosting the American coal industry as energy prices continue to rise. Using emergency powers under the Defense Production Act, the administration plans to support existing coal mines and power plants while funding new facilities and export infrastructure. Trump said the investment will protect 14 coal plants and 42 coal mines, while also supporting the construction of two new coal plants and a major export terminal. He argued the move will strengthen energy security, create thousands of jobs, and help reduce costs for consumers amid rising global energy prices.

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