President Donald Trump is again seeking to boost the struggling U.S. coal industry, announcing a plan Thursday to spend nearly $700 million to support coal-fired power plants and coal exports.
Trump said the administration will use authority under a Cold War-era national defense law to support 13 coal plants across the country and help build coal plants in Alaska and West Virginia — the first new U.S. coal plants since 2013.
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The money will also help restart a shuttered coal-fired power plant in Maryland and support construction of a long-delayed coal export terminal in Oakland.
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