Trump uses wartime powers to spend $700 million to boost coal plants and exports

Published June 4, 2026 11:22am ET | Updated June 4, 2026 6:47pm ET



President Donald Trump invoked the Defense Production Act and other authorities to provide $700 million in funding to support and boost the coal industry as part of the administration’s broader effort to meet rising energy demand.

Trump made three funding announcements in the Oval Office on Thursday to support current and future coal plants, coal export terminals, and to restart existing coal plants. The president was joined by Interior Secretary Doug Burgum, Energy Secretary Chris Wright, Environmental Protection Agency Administrator Lee Zeldin, and several governors and members of Congress.

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