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President Trump announced $700 million in new federal funding for the struggling coal industry, including money that would help build the first two new coal-burning power plants in the U.S. in more than a decade.
President Trump on Thursday announced $700 million in new federal funding for the country’s struggling coal industry, including money that would help build the first two new coal-burning power plants in the United States in more than a decade.
It was the latest in a series of extraordinary efforts by his administration to improve the fortunes of coal, the most polluting of the fossil fuels and a favored industry of the president’s.
In recent months, the Energy Department has ordered units at five aging coal plants to stay open instead of shutting down as planned. And Mr. Trump has directed the Defense Department to buy more electricity from coal plants to power military installations nationwide.
Flanked by Republican governors and cabinet officials in the Oval Office on Thursday, Mr. Trump said the move would help lower consumers’ energy bills, though experts say coal plants are more expensive to build and operate than gas plants and renewable energy.
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