The U.S. is stepping up its investment in coal as President Trump doubles down on his commitment to bolster the fossil fuel industry.
During an event on Thursday, Mr. Trump announced that his administration would commit $700 million in funding for coal plants and a new export terminal.
“Today, we’re taking historic action to bring down the price of energy and the cost of living for all Americans with the power of clean, beautiful coal,” Mr. Trump said from the Oval Office, where he announced the new funding initiative.
“If you look at China, if you look at so many of the successful
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