Coal-related stocks and energy ETFs could be in focus Thursday on a reported nearly $700 million White House coal initiative.

Coal-related stocks and energy ETFs could be in focus Thursday on a reported nearly $700 million White House coal initiative.

The Trump administration plans to use Defense Production Act authority to direct nearly $700 million toward coal power upgrades, coal projects, and export infrastructure as energy…

The money is expected to fund new and existing coal plants, as well as an export terminal in California.

President Donald Trump is expected to invoke the Defense Production Act to support and boost coal plants and exports.

Combining funds from the Defense Production Act and 2021's infrastructure law, the $700 million pot will fund new coal plants and an export terminal.

President Donald Trump is again seeking to boost the struggling U.S. coal industry