Trump Uses Wartime Powers to Spend $700 Million to Boost Coal Plants President Donald Trump has allocated $700 million to support the coal industry, invoking the Defense Production Act to fund existing and future coal plants, export terminals, and to restart dormant ones. This initiative is part of a broader strategy to increase fossil fuel use to meet rising energy demand, potentially driven by AI and electrification, and to lower prices impacted by geopolitical events. The funding includes $425 million for 13 coal plants across several states and $75 million for an export terminal in California, aimed at supporting western coal-producing states.

• President Trump authorized $700 million to support and boost the coal industry.
• The funding utilizes the Defense Production Act and other authorities.
• The initiative aims to support current and future coal plants, coal export terminals, and restart existing ones.
• $425 million will fund 13 coal plants in states like West Virginia, Kentucky, North Carolina, and Arizona.
• $75 million is allocated for the West Gateway Terminal construction in Oakland, California.
• The administration aims to expand fossil fuel use to meet rising energy demand and lower prices.
• The Defense Production Act of 1950 grants the president authority over domestic industries for national defense.