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5 days ago

Trump unveils $700M coal industry support plan using Defense Production Act

President Donald Trump on Thursday announced a nearly $700 million initiative Thursday aimed at supporting the U.S. coal industry, including funding for power plant upgrades, new projects and export infrastructure.Trump said he will invoke the Defense Production Act, a Cold War-era law that grants presidents broad authority over industries considered vital to national security, to direct federal support to coal projects across the country.The president announced the plan during a White House event focused on what the administration has called "beautiful clean coal."EXXON CHIEF WARNS OF SKYROCK...