President Trump announced a $700 million investment in coal plants and a new export terminal in California. The funding includes $75 million for a coal export terminal in Oakland, $425 million to support 13 existing plants across 10 states, and $200 million in grants for two new coal plants in Alaska and West Virginia and to restart a coal plant in Maryland. Trump invoked the Defense Production Act to distribute the funds. The administration says the initiative will create jobs and save consumers $50 billion in energy costs. Environmental groups criticized the plan, citing pollution and higher electricity costs.
Source: https://www.cbsnews.com/colorado/news/trump-coal-industry-funding-boost/
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