Trump to announce nearly $700 million in coal support

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Trump to announce nearly $700 million in coal support 04.06.2026

Axios

President Trump is scheduled to announce nearly $700 million in federal support for coal-fired power and coal exports on Thursday. This initiative, confirmed by the White House, aims to revive the declining U.S. coal industry, which has seen production fall for almost two decades. The support will be implemented using the authority of the Cold War-era Defense Production Act, granting the president powers to bolster private industrial production deemed critical for national security. This move comes as Trump administration officials are pursuing multiple strategies to preserve coal's position, including scaling back EPA pollution rules and compelling some plants to remain operational for grid reliability. Critics, however, label this a "Polluters First Agenda," arguing it will lead to higher consumer bills.

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