LIVE | Trump Bets Big on Coal Again: $700 Million Support Plan Sparks Climate Backlash | N18G
U.S. President Donald Trump is planning to use Cold War-era national defense powers to send nearly $700 million to support coal facilities, according to a
U.S. President Donald Trump is planning to use Cold War-era national defense powers to send nearly $700 million to support coal facilities, according to a White House official. Trump could announce as soon as Thursday that he will invoke the Defense Production Act, the 1950 law granting presidents wide authority over national security-related industries, to upgrade more than a dozen coal power plants, build a massive West Coast coal export terminal and match corporate funds to build new power plants, the official said.
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