Trump Announces $700M via Defense Production Act for New Coal Plants and West Coast Export Terminal
The funding will be distributed under Cold War-era authorities to increase domestic coal production. The announcement was made on Thursday.
mprnews.orgPresident Trump announced $700 million in federal funds to boost coal production in the United States. The money is intended to reinvigorate an industry that has been in decline for decades. The president said Thursday that he is invoking Cold War-era authorities to distribute the funds.
The total amount of federal money allocated is $700 million. The stated purpose of the allocation is to increase domestic coal output. No further details on distribution or recipients were provided in the announcement.
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