Trump to announce $700 million subsidy for coal

• 3 hours ago (2026-06-04)
• David Flin

Coal 365 North America 1081

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President Trump of America is expected to announce on 4 June that his administration will give about $700 million in an attempt to bolster coal-fired power plants.

Trump will use authority under the Cold War-era Defense Production Act of 1950 to give $425 million to 13 existing coal-fired power plants and $75 million for a coal export terminal in California. In addition, he will announce a $185 million grant from the Energy Department to build a new coal-fired power plant in both Alaska and West Virginia, and to restart a plant in Maryland.

Coal power use has been declining in the USA since its peak in 2007.