U.S. Provides Nearly $700 Million to Support Coal Production and Infrastructure
President Trump directed nearly $700 million to coal plants and infrastructure on June 4 using Cold War-era authorities. The move forms part of an effort to increase output of oil, gas, and coal.
SemaforU.S. coal production on June 4, 2026. The funds are being directed under Cold War-era authorities in the Defense Production Act. The plan includes $425 million for existing coal plants and $75 million for an export terminal under that statute, with an additional $185 million for new coal plants provided through Energy Department grants.
Trump made the announcement in the Oval Office with members of his Cabinet and governors present. He said the spending would create 14,000 jobs and save Americans $50 billion on electricity costs. “When they find something better … we’ll be all set for it,” Trump said.
The announcement marks Trump’s latest step to increase oil, gas, and coal output relative to renewable sources. One think tank estimated that renewable energy outpaced coal for the first time in 2025.
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