Trump invokes Defense Production Act to fund $700M coal export terminal in Oakland
By
Hayley Smith
Summary
President Trump announced plans to invoke the Defense Production Act, a Cold War-era emergency law, to direct nearly $700 million into the coal industry. This includes constructing a new West Coast coal export terminal in Oakland, California, and upgrading 13 existing coal plants across the country. The move uses national security justification to support the declining coal sector.
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Key quotes
· 3 pulledPresident Trump on Thursday said he will invoke Cold War-era emergency powers to direct a nearly $700-million investment into the waning coal industry
Trump said he will use the Defense Production Act, a 1950 law that grants the president emergency authority over domestic industries deemed critical to national security
He also announced the upgrading of 13 existing coal plants across the country
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