Trump Approves $700 Million for 13 Coal Plants and California Export Terminal
Updated
Updated · Bloomberg · Jun 4
Trump Approves $700 Million for 13 Coal Plants and California Export Terminal
3 articles · Updated · Bloomberg · Jun 4
Summary
$700 million in federal support will go to new coal power plants, existing operations and a California export terminal under Trump's latest push to revive the industry.
$500 million of the package is being made available through the Cold War-era Defense Production Act, underscoring the administration's use of emergency-style powers to back coal mining and coal-fired electricity.
$425 million is slated for 13 plants in 10 states, while $200 million targets new plants in Alaska and West Virginia and $75 million the Oakland export terminal.
The move extends Trump's broader effort to favor fossil fuels despite environmentalist objections that more coal burning will worsen air pollution and heat the planet.