Daily on Energy: Trump boosts coal, DOE partners with Japan on AI, and a ‘Battery Mecca’ in Texas
President Trump announced nearly $700 million in funding to support coal-fired power plants and coal exports through the Defense Production Act. The Department of Energy also revealed a $1 billion partnership with Japan to advance research in various scientific fields. Meanwhile, oil prices fell over 3% following a ceasefire agreement between Israel and Lebanon.
- ▪Trump plans to provide $425 million in Defense Production Act funding to support coal plants across the country.
- ▪The DOE's partnership with Japan will focus on quantum information science, fusion energy, and biotechnology.
- ▪Oil prices dropped as Israel and Lebanon agreed to a ceasefire, potentially easing tensions in the Middle East.
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WHAT’S HAPPENING TODAY: Good afternoon and happy Thursday, readers! President Donald Trump is carrying on his efforts to prop up the fossil fuel industry, announcing nearly $700 million in funding via the Defense Production Act and the Energy Department to support and boost coal-fired power plants and coal exports. 💲🏭🪨 We’ve got all the details below. In other news, oil prices have dropped as the conflict in the Middle East de-escalates, following Israel and Lebanon agreeing to a ceasefire late yesterday.
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