Trump Plans $700 Million to Build Coal Plants, Export Site (1)

President Donald Trump is preparing to use Cold War-era authorities to dole hundreds of millions of federal dollars to support coal-fired electricity as well as US exports of the fossil fuel.

Trump is expected to announce he’s delivering much of the funding for US coal plants and an American export terminal under the 1950 Defense Production Act during an Oval Office event Thursday, according to a White House official who asked for anonymity because the plan isn’t yet public.

Lawmakers and governors from coal-rich states, including Wyoming and West Virginia, have been invited to the White House for the session. ...