Published: June 5, 2026 • 2:28 AM IST · Updated: June 5, 2026 • 9:16 AM ISTBy TheBriefWire Editorial Team
Key points
U.S. President Donald Trump on Thursday (June 4, 2026) announced he was using Cold War-era legislation to tap $700 million in funding for a slew of coal plants and mines and an export terminal.
Trump said the funds would be used to keep more than a dozen coal plants in ten states and 42 mines open, as well as to build two new coal plants and an export terminal.
The Republican said the funds would be tapped using the Defence Production Act, which was enacted in 1950 and gives the U.S. president emergency power over domestic industries.
“Today, we’re taking historic action to bring down the price of energy and the cost of living for all Americans, with the power of clean, beautiful coal,” said Mr. Trump.
Trump frequently calls human-induced climate change “a hoax” and has worked since returning to power last year to wipe out a number of...
Quick context: President Donald Trump on Thursday (June 4, 2026) announced he was using Cold War-era legislation to tap $700 million in funding for a slew of coal plants and mines and an export terminal.