{"id":338,"date":"2026-06-05T17:05:24","date_gmt":"2026-06-05T17:05:24","guid":{"rendered":"https:\/\/northcarolinamovingjournal.com\/?p=338"},"modified":"2026-06-05T17:05:24","modified_gmt":"2026-06-05T17:05:24","slug":"trump-to-pump-700m-into-coal-power-in-the-states-as-he-again-blasts-renewable-energy","status":"publish","type":"post","link":"https:\/\/northcarolinamovingjournal.com\/?p=338","title":{"rendered":"Trump to pump $700M into coal power in the states, as he again blasts renewable energy"},"content":{"rendered":"
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The federal government will spend $700 million on building or refurbishing coal power infrastructure across the country in a boost to \u201cclean, beautiful coal,\u201d President Donald Trump said Thursday in the Oval Office.<\/p>\n

Read more First-time homebuyers face hurdles despite gradual improvement<\/a><\/p>\n

Trump said he was invoking the Cold War-era Defense Production Act, which gives the president authority over domestic industry, to save 13 existing power plants and build two new ones. He said the move would save 14,000 coal jobs and lower energy costs, though the spending will not lower the price of gasoline or diesel fuel, which has spiked since Trump launched a war with Iran in February.<\/p>\n

Trump criticized subsidies for wind power championed by Democrats, including his predecessor, Joe Biden, characterizing coal as the most important energy source to cultivate.<\/p>\n

\u201cIt\u2019s real power,\u201d Trump said. \u201cIn terms of power, there\u2019s really nothing like it. We have so many different alternatives. You talk about some, there\u2019s no real alternative.\u201d\u00a0<\/p>\n

In its new carbon plan, Duke Energy gambles on coal as a shorter-term fix for powering data centers<\/p><\/blockquote>\n