President Trump announces $700 million for first new U.S. coal plants in 13 years

President Donald Trump unveiled a new funding initiative for the coal sector. The plan allocates $700 million in federal money to support new coal plants. It would be the first construction of new U.S. coal‑fired power plants in 13 years. The funding is intended to revive a domestic coal industry that has been shrinking. Officials say the money will go toward permitting, infrastructure and technology upgrades. The announcement was made during a press briefing on the administration’s energy policy. Critics argue the move conflicts with climate goals and market trends. The proposal will now move to Congress for potential approval and appropriations.