Trump Approves $700 Million in Bid to Revive US Coal Industry

President Donald Trump said he would marshal hundreds of millions of US taxpayer dollars behind his bid to revitalize the coal industry in America, steering funds to build new power plants, sustain existing operations and construct an export terminal in California.

The announcement — which includes some $500 million made available under the Cold War-era Defense Production Act — marks Trump’s latest move to bolster mining and coal-fired electricity over the objections of environmentalists who say it warms the planet and worsens air quality. Bloomberg News reported earlier on the expected move.

“Today, we’re taking historic action to bring down ...