Trump plans $700 million in new coal support, White House official says
The plan would fund 13 existing plants and new projects in Alaska, West Virginia and Maryland as electricity demand rises.
- On Thursday, President Donald Trump is expected to announce a $700 million initiative to bolster U.S. coal plants and export infrastructure during an Oval Office event, utilizing Defense Production Act authorities.
- The plan distributes $425 million under the Defense Production Act to 13 existing coal plants, while the Energy Department provides $185 million for two new facilities in Alaska and West Virginia plus a Maryland restart.
- Trump argues electricity from coal is necessary to feed the country's energy-hungry computing power, frequently describing the fuel as "clean" and "beautiful" to support his domestic energy dominance agenda.
- An additional $75 million supports the proposed West Gateway export terminal in Oakland, California, creating a new avenue to ship potentially 12 million tons of coal from Wyoming and Montana.
- Critics argue the move wrongly prolongs reliance on fossil fuels, as coal's share of U.S. electricity generation fell to about 17% last year amid a shift toward natural gas and renewables.
165 Articles
165 Articles
The US President announced a significant investment in coal production, including two new power plants and an oil terminal capable of exporting coal.
The U.S. government classified energy policy as a question of national security. Among other things, the coal expansion was intended to meet the high demand for electricity from data centers for artificial intelligence.
As a reason, he calls increased energy prices. But coal has been losing importance in the US for years.
Donald Trump's White House has announced a new 700 million dollar wave of fossil fuel funding to bring more than a dozen coal-fired power plants to standards. According to the US presidency, this is an essential choice to guarantee the energy sovereignty of the United States. Specialized NGOs are talking about a gift to the industrial spheres that supported the Republican camp to the tune of tens of millions of dollars during the US presidential…
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Belfast TelegraphTrump takes fresh tilt at ‘windmills’ while announcing cash boost for US coal
The president has long voiced his opposition to turbines and been a stern critic of Britain’s energy stance Countries that subsidise wind power like the UK are “stupid”, Donald Trump has said, as he announced nearly 700 million dollars (£521 million) of support for the US coal industry. The president argued many successful nations, such as China, use the fossil fuel, while “the real great failures” had adopted the renewable energy source. Mr Tru…
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