What happenedPresident Donald Trump on Thursday said his administration was pouring more than $700 million into reviving the struggling coal industry. The funds will reopen one coal-fired power plant, extend the life of 13 others, subsidize coal mining and export operations and build the first two new coal-burning plants since 2013. Trump said he was invoking the 1950 Defense Production Act to intercede in the market. The money for the new coal-fired plants had been allocated by Congress for clean energy technologies.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
