Trump Announces $700 Million in Funds Meant to Boost Coal Industry
President Trump has announced a $700 million federal funding initiative aimed at revitalizing the coal industry in the United States. The funding will primarily focus on upgrading 13 coal plants that are at risk of closure. This marks the first significant investment in new coal plants in over a decade.
- ▪The total funding announced is $700 million.
- ▪Of this amount, $425 million will be allocated to upgrade and extend the life of 13 coal plants.
- ▪The initiative is part of an effort to reinvigorate a coal industry that has been in decline for decades.
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#masthead-section-label, #masthead-bar-one { display: none }Trump AdministrationliveUpdatesJune 4, 2026, 5:00 p.m. ETliveWar in the Middle EastJune 4, 2026, 4:55 p.m. ETTesting Trump’s PowerU.S. Military OperationsGas PricesApproval RatingAdvertisementSKIP ADVERTISEMENTYou have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.Supported bySKIP ADVERTISEMENTTrump Offers Funds for First New U.S. Coal Plants in 13 YearsThe president announced a total of $700 million in federal money to reinvigorate the domestic coal industry, which has been in decline for decades.Listen · 6:49 min Share full articleOf the roughly $700 million in total funding, $425 million would be used to upgrade and extend the life of 13 coal…
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