The news, distilled into what matters.
Trump expected to announce $700 million in new support for struggling coal industry
- The Trump administration is spending nearly $700 million and invoking a Cold War–era Defense Production Act to prop up 13 coal plants, help build new coal plants in Alaska and West Virginia, restart a Maryland plant and back a long-delayed Oakland export terminal.
- Officials say the moves will support or create more than 14,000 jobs and are intended to reverse coal’s decline — part of broader efforts to keep aging fossil-fuel plants running amid rising electricity demand.
- Environmental groups call it a taxpayer bailout that will raise bills and worsen pollution, noting coal’s U.S. share of electricity fell to about 15% in 2024 as gas, nuclear and renewables grew.
Read full article
Get the full experience in the app — topics, comments, and audio summaries.