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Tag: coalbailout

US Politics

A $700 Million Tombstone: The Trump Administration's Last-Ditch Effort to Bury America's Energy Future

The Trump administration is invoking the Cold War-era Defense Production Act to spend nearly $700 million on supporting existing coal-fired power plants, building new ones, and constructing a coal export terminal, aiming to create or support over 14,000 jobs. This represents a staggering and reckless misuse of taxpayer funds to artificially resuscitate a dying, polluting industry at a time when the world is moving towards cleaner energy, fundamentally undermining our economic and environmental future.