Trump administration revives coal industry support

The Trump administration has announced a new initiative aimed at bolstering the U.S. coal industry, allocating $700 million through the Defense Production Act. This move seeks to keep existing coal plants operational and fund the construction of new ones, despite coal being one of the most expensive energy sources. President Trump criticized renewable energy sources like wind, while promoting coal's benefits, though economic data suggests otherwise. The funding, partly sourced from a carbon capture development fund, faces challenges from the declining cost of renewables and potential future environmental regulations.