{"id":266,"date":"2026-06-04T16:12:12","date_gmt":"2026-06-04T16:12:12","guid":{"rendered":"https:\/\/professionalmoversusa.com\/?p=266"},"modified":"2026-06-04T16:12:12","modified_gmt":"2026-06-04T16:12:12","slug":"trump-to-announce-700-million-investment-in-new-coal-plants-and-export-terminal","status":"publish","type":"post","link":"https:\/\/professionalmoversusa.com\/?p=266","title":{"rendered":"Trump to announce $700 million investment in new coal plants and export terminal"},"content":{"rendered":"
\n

The U.S. plans to step up its investment in coal, as President Trump doubles down on his commitment to bolster the fossil fuel industry.\u00a0<\/p>\n

Read more House Republicans seek DOJ probe of abuse allegations raised by Epstein\u2019s assistant<\/a><\/p>\n

Mr. Trump on Thursday is expected to announce $700 million in funding for coal plants and energy infrastructure during an afternoon Oval Office event dubbed “Beautiful, Clean Coal.” A White House official confirmed the details of the plan, which was first reported by\u00a0Bloomberg.\u00a0<\/p>\n

Mr. Trump will invoke the Defense Production Act, a Cold War-era law that gives the U.S. president emergency authority over domestic industries, to distribute $75 million for a new coal export terminal in Oakland, California, and $425 million to support 13 existing plants across 10 states: West Virginia, Kentucky, North Carolina, Indiana, Tennessee, Arkansas, Arizona, Oklahoman, North Dakota and Wisconsin.<\/p>\n

The president is also expected to announce nearly $200 million in Department of Energy grants to build two new coal plants in Alaska and West Virginia and to restart a coal plant in Maryland. The facilities in Alaska and West Virginia would be the first new coal plants built in the U.S. since 2013.\u00a0<\/p>\n

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A White House official said the initiative will create thousands of jobs for miners, railroad workers, engineers and construction workers and save consumers $50 billion in energy generation costs.\u00a0<\/p>\n

Mr. Trump has long championed the benefits of exploiting U.S. fossil fuel resources. Since returning as president for a second time in 2025, he has moved to expedite<\/span> oil and mining projects and open new drilling sites<\/span>, while also scaling back investment in\u00a0renewable energy<\/span>.<\/p>\n

Read more Trump plans to attend NBA Finals in New York City, sources say<\/a><\/p>\n


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The money is expected to fund new and existing coal plants, as well as an export terminal in California.<\/p>\n","protected":false},"author":1,"featured_media":265,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[117],"class_list":["post-266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moneywatch","tag-coal"],"yoast_head":"\nTrump to announce $700 million investment in new coal plants and export terminal - Professional Movers USA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/professionalmoversusa.com\/?p=266\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump to announce $700 million investment in new coal plants and export terminal - 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