{"id":1214,"date":"2026-06-04T16:38:26","date_gmt":"2026-06-04T16:38:26","guid":{"rendered":"https:\/\/homebuyerrelocation.com\/?p=1214"},"modified":"2026-06-04T16:38:26","modified_gmt":"2026-06-04T16:38:26","slug":"trump-to-spend-700m-to-boost-u-s-coal-production","status":"publish","type":"post","link":"https:\/\/homebuyerrelocation.com\/?p=1214","title":{"rendered":"Trump to spend $700M to boost U.S. coal production"},"content":{"rendered":"
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President Trump will announce on Thursday that he\u2019s invoking Cold War-era authorities to dole out $700 million in federal funds to boost coal production in the U.S.<\/p>\n

Read more Ex-National Security Adviser John Bolton to plead guilty in classified documents case<\/a><\/p>\n

Mr. Trump will use the Defense Production Act of 1950 to send $425 million to 13 existing coal plants and allocate $185 million to build two new coal plants, one in Alaska and the other in West Virginia.<\/p>\n

An additional $75 million would also be made available under the DPA to help build the proposed West Gateway export terminal, which would be used to export 12 million tons of coal from the U.S. to other countries.<\/p>\n

The 1950 law grants the president the authority to direct federal funds to industries deemed necessary for national security.<\/p>\n

Among the companies that will benefit from the funding are utilities Duke Energy, Hallador Energy, Oklahoma Gas & Electric and at least one subsidiary of American Electric Power.<\/p>\n

Coal use has been on the decline the past two decades. In 2023, the U.S. produced 578 million short tons of coal, less than half the amount produced in 2008, when American coal production was at its highest level, according to the U.S. Energy Information Administration.<\/p>\n

Read more Club for Growth: GOP must persuade base to vote \u2018one more time\u2019 for Trump in midterms<\/a><\/p>\n

The production decline is spread evenly across each type of coal and is the result of rising mining costs, increasingly stringent environmental regulations and competition from other sources of electric power generation, according to the EIA.<\/p>\n

Since returning to office, Mr. Trump has sought to reverse coal\u2019s decline with several initiatives. He has also touted coal production as critical to reviving America\u2019s energy dominance by boosting oil, gas and coal.<\/p>\n

The Energy Department issued an emergency order to keep coal plants scheduled to close open, stating that their continued operation was necessary to keep the nation\u2019s electric grid stable.<\/p>\n

In addition, the Interior Department has moved to open more federal land for coal leasing in North Dakota, Montana and Wyoming.<\/p>\n

Mr. Trump has ordered Defense Secretary Pete Hegseth to purchase electricity from coal plants to supply energy to military operations and defense facilities.\u00a0<\/p>\n

Read more Roadway disasters pile up as states buck Trump administration\u2019s call to end non-English CDL tests<\/a><\/p>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Trump will announce on Thursday that he’s invoking Cold War-era authorities to dole out $700 million in federal funds to boost coal production in the U.S.<\/p>\n","protected":false},"author":1,"featured_media":1213,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,7],"tags":[851,921,14,920],"class_list":["post-1214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","tag-alaska","tag-defense-production-act","tag-donald-trump","tag-west-virginia"],"yoast_head":"\nTrump to spend $700M to boost U.S. coal production - Home Buyer Relocation<\/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:\/\/homebuyerrelocation.com\/?p=1214\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump to spend $700M to boost U.S. coal production - 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