President Donald Trump announced $700 million in federal investments meant to support U.S. coal plants and exports during an Oval Office ceremony on June 4.
“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,” Trump said during the event.
“In terms of power, there’s really nothing like it.”
Investments will support 42 coal mines and more than 14,000 jobs while saving Americans more than $50 billion in electricity costs, according to the president.
The federal government will provide $485 million to protect more than a dozen existing coal plants across 10 states: Arizona, Arkansas, Indiana, Kentucky, North Carolina, North Dakota, Oklahoma, Tennessee, West Virginia, and Wisconsin. …
Trump Unveils $700 Million Investment in Coal Industry
