WATCH LIVE: Trump expected to announce $700m investment in coal plants, exports
Summary
President Donald Trump plans to invest nearly $700 million to support U.S. coal power plants and coal exports. This includes backing 13 existing coal plants, building new ones in Alaska and West Virginia, restarting a plant in Maryland, and funding a coal export terminal in California.Key Facts
- The investment is about $700 million aimed at boosting the coal industry.
- Trump will use an old national defense law from the Cold War to support this effort.
- Support will go to 13 coal plants nationwide and new coal plants in Alaska and West Virginia.
- This will be the first time new coal plants are built in the U.S. since 2013.
- A coal-fired power plant in Maryland will be restarted.
- A coal export terminal in Oakland, California, will receive funding to resume construction.
- The effort is expected to create or support over 14,000 jobs in coal, construction, rail, and shipping.
- The announcement is set for 3 p.m. Eastern time and will be live-streamed.
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