President Trump announced $700 million in federal funding to support the construction of new coal plants in the United States.
The funding marks the first effort to build coal-fired power plants in the country in 13 years.
The goal is to reinvigorate the domestic coal industry, which has experienced a steady decline over the past several decades.
The announcement was made on June 4, 2026, according to the New York Times.
Federal money will be allocated to projects aimed at developing advanced coal technologies.
Officials say the new plants could help boost energy security and create jobs in coal-dependent regions.
Environmental groups have criticized the move, arguing it conflicts with global efforts to reduce carbon emissions.
The coal industry’s downturn has been driven by cheaper natural gas, renewable energy, and stricter pollution regulations.
Supporters of the plan believe it can modernize coal power while maintaining reliability in the energy grid.
The funding is part of a broader push by the administration to revive traditional energy sectors.
