Trump announces $700 million investment in coal plants and California export terminal President Trump announced a $700 million investment in the coal industry, including funding for existing plants and a new export terminal, aimed at lowering energy costs and creating jobs. The administration is invoking the Defense Production Act and distributing funds through grants and direct investment. Environmental groups have criticized the plan, citing concerns about pollution, increased electricity costs, and support for a declining industry.

• The U.S. is investing $700 million in coal plants and a new export terminal.
• The funding will support 13 existing plants across 10 states and two new plants in Alaska and West Virginia, plus restart a plant in Maryland.
• The Defense Production Act is being used to allocate $75 million for a coal export terminal in Oakland, California, and $425 million for existing plants.
• The administration claims the initiative will create thousands of jobs and save consumers $50 billion.
• Environmental groups argue the plan will increase pollution, raise electricity costs, and support a declining industry.
• Global clean energy generation is increasing, while fossil fuel generation has dipped slightly.