Trump Invokes Wartime Powers to Fund New Energy Projects (1)

President Donald Trump invoked the Defense Production Act to provide federal funds for a wide range of energy projects, as his administration faces pressure to help curb rising oil, gasoline and electricity costs.

Trump on Monday signed five presidential determinations under the law, targeting domestic coal power, liquefied natural gas, domestic petroleum and power-grid
infrastructure — areas where he said insufficiencies threaten national defense.

The move allows the Energy Department to deploy funding that was secured last year in Trump’s flagship tax-and-spending package. Under the directives, the agency is authorized to use energy purchases, financial support and other ...