Trump Administration Allocates $850 Million for Coal Modernization

The Trump administration has announced an allocation of $850 million to modernize US coal capacity and facilitate the construction of two new coal plants, as part of efforts to revive the flagging fuel industry.

7 Jun, 22:40 — 7 Jun, 22:40

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zerohedgeLow87d ago

Trump Admin Announces $850MM To Modernize US Coal Capacity, Build 2 New Plants

Trump Admin Announces $850MM To Modernize US Coal Capacity, Build 2 New Plants By Robert Walton of UtilityDive The Trump administration approved 76 coal-related permits in more than a year of efforts to revive the flagging fuel and execute an agenda of “energy dominance.” His latest attempt includes tapping Defense Production Act funding to expand the industry. “Last year we prevented 17 GW of coal-powered electricity from going offline. That’s enough power for about 13 milli...

By Tyler Durden

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Trump Administration Allocates $850 Million for Coal Modernization

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Trump Admin Announces $850MM To Modernize US Coal Capacity, Build 2 New Plants

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