Trump directs $700 million to coal industry projects (opens in new tab)

President Trump announced on June 4 that his administration would direct nearly $700 million in federal support to U.S. coal-fired power plants, coal exports and new coal-related infrastructure, with much of the money linked to the Cold War-era Defense Production Act. The package includes support for existing coal-fired plants, new coal plants planned in Alaska and West Virginia, a restart of a shuttered Maryland plant and a long-delayed coal export terminal in Oakland, California. Trump said...