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Started By
Message
The President to announce $700 million Investment in New Coal Plants and Export Terminal
Posted on 6/4/26 at 9:40 am
Posted on 6/4/26 at 9:40 am
quote:
The U.S. plans to step up its investment in coal, as President Trump doubles down on his commitment to bolster the fossil fuel industry.
Mr. Trump on Thursday is expected to announce $700 million in funding for coal plants and energy infrastructure during an afternoon Oval Office event dubbed "Beautiful, Clean Coal." A White House official confirmed the details of the plan, which was first reported by Bloomberg.
Mr. Trump will invoke the Defense Production Act, a Cold War-era law that gives the U.S. president emergency authority over domestic industries, to distribute $75 million for a new coal export terminal in Oakland, California, and $425 million to support 13 existing plants across 10 states: West Virginia, Kentucky, North Carolina, Indiana, Tennessee, Arkansas, Arizona, Oklahoman, North Dakota and Wisconsin.
The president is also expected to announce nearly $200 million in Department of Energy grants to build two new coal plants in Alaska and West Virginia and to restart a coal plant in Maryland. The facilities in Alaska and West Virginia would be the first new coal plants built in the U.S. since 2013.
A White House official said the initiative will create thousands of jobs for miners, railroad workers, engineers and construction workers and save consumers $50 billion in energy generation costs.
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Posted on 6/4/26 at 9:45 am to ragincajun03
Good news
Posted on 6/4/26 at 9:46 am to ragincajun03
quote:
"Beautiful, Clean Coal."
quote:
India is the largest buyer of U.S. coal, followed by China, Japan, Brazil, and the Netherlands
India
Posted on 6/4/26 at 9:49 am to Shexter
quote:
India
That will be Frisco Texas in five more years
Posted on 6/4/26 at 9:50 am to Shexter
quote:
India
Thats mostly from them burning fields. I've driven from Delhi to Agra through the crop fields during burning season and thats what it looks like. Of course the air quality in all the cities is equally shite which is a combination of vehicle smog, crop smoke and power plant emissions.
Posted on 6/4/26 at 9:55 am to ragincajun03
quote:
Mr. Trump will invoke the Defense Production Act, a Cold War-era law that gives the U.S. president emergency authority over domestic industries, to distribute $75 million for a new coal export terminal in Oakland, California, and $425 million to support 13 existing plants across 10 states: West Virginia, Kentucky, North Carolina, Indiana, Tennessee, Arkansas, Arizona, Oklahoman, North Dakota and Wisconsin.
quote:
A White House official said the initiative will create thousands of jobs for miners, railroad workers, engineers and construction workers and save consumers $50 billion in energy generation costs.
I would be surprised if it creates the jobs that are claimed. Coal mining has become highly automated at this point.
I mostly feel for folks in Eastern Kentucky. Strip mining practices have pretty well raped the land and made it difficult to reuse it after mining concludes. I highly doubt this administration will have any concern for sustainable practices that can help maintain the land so it can at least be utilized again.
Posted on 6/4/26 at 9:57 am to ragincajun03
This is dumb. The next Democrat that gets in office is going to shut this down on day 1.
Posted on 6/4/26 at 9:58 am to upgrayedd
Money will be transferred by then.
Get the money but new regulation means you don't have to follow through on production.
Republicans do it for O&G and Democrats do it for Green Energy.
Get the money but new regulation means you don't have to follow through on production.
Republicans do it for O&G and Democrats do it for Green Energy.
This post was edited on 6/4/26 at 9:59 am
Posted on 6/4/26 at 9:58 am to BluegrassBelle
quote:
mostly feel for folks in Eastern Kentucky. Strip mining practices have pretty well raped the land and made it difficult to reuse it after mining concludes. I highly doubt this administration will have any concern for sustainable practices that can help maintain the land so it can at least be utilized again.
I know for the metal mining that I’ve been involved with, there’s a reclamation requirement
Posted on 6/4/26 at 10:00 am to upgrayedd
quote:
This is dumb. The next Democrat that gets in office is going to shut this down on day 1.
There's basically a 0% chance any of the new ones would be placed in service by the time trump leaves office so they'll yank the grant money the same way DOE pulled a bunch at the beginning of Trumps admin and leave them partially done and the developers bankrupt.
Posted on 6/4/26 at 10:03 am to upgrayedd
quote:
This is dumb. The next Democrat that gets in office is going to shut this down on day 1.
Really depends on how this data center rollout is doing, we need more stable power and quickly.
Posted on 6/4/26 at 10:06 am to BluegrassBelle
quote:
I mostly feel for folks in Eastern Kentucky. Strip mining practices have pretty well raped the land and made it difficult to reuse it after mining concludes. I highly doubt this administration will have any concern for sustainable practices that can help maintain the land so it can at least be utilized again.
Whenever a mine concludes mining operations in an area, they’re required by federal law to reclaim the land. Here is what reclaimed land looks like after reclamation is done…
Posted on 6/4/26 at 10:06 am to bad93ex
quote:
Really depends on how this data center rollout is doing, we need more stable power and quickly.
Dude...this type of spending isn't going to move the needle on power requirements for data centers.
I don't disagree with the spending but it's a drop in the bucket and some of it is going to an export terminal anyway.
Posted on 6/4/26 at 10:07 am to ragincajun03
quote:Presidents (not just Trump) really love using fake emergencies to expand their powers. And members of Congress, being a bunch of lazy, bootlicking wimps, have allowed the presidents to violate the separation of powers because it's easier than doing their jobs.
Mr. Trump will invoke the Defense Production Act, a Cold War-era law that gives the U.S. president emergency authority over domestic industries
BTW, this isn't a shot at Trump. It sucked when Biden, Obama, and Dubya did this as well. I wouldn't want a future president AOC to exercise power like this, and I wouldn't want future president Vance to do it either.
Posted on 6/4/26 at 10:07 am to billjamin
quote:
the same way DOE pulled a bunch at the beginning of Trumps admin
The DOE is actually starting to release some of those monies. They just want to “review” the grant applications with their own eyes.
Posted on 6/4/26 at 10:08 am to billjamin
quote:
There's basically a 0% chance any of the new ones would be placed in service by the time trump leaves office so they'll yank the grant money the same way DOE pulled a bunch at the beginning of Trumps admin and leave them partially done and the developers bankrupt.
Yeah, I don’t know that any of these private entities would risk getting involved unless there’s some sort of financial guarantees. It seems like a pretty high risk investment that’s subject to the whims of a political party.
Posted on 6/4/26 at 10:09 am to ragincajun03
quote:
The DOE is actually starting to release some of those monies. They just want to “review” the grant applications with their own eyes.
They don't typically release money until construction has begun. They commit the capital to the projects after diligence is complete, then you have to hit your milestones for payment with the bulk usually coming at mechanical or substantial completion. These are years from hitting that. You might get a little at notice to proceed, maybe 10% of total project commitment. But i doubt these even have NTP yet.
This post was edited on 6/4/26 at 10:10 am
Posted on 6/4/26 at 10:09 am to ragincajun03
quote:
Mr. Trump will invoke the Defense Production Act, a Cold War-era law that gives the U.S. president emergency authority over domestic industries
can we please limit all the "emergency authority" abuse please?
Posted on 6/4/26 at 10:10 am to Powerman
quote:
Dude...this type of spending isn't going to move the needle on power requirements for data centers.
I don't disagree with the spending but it's a drop in the bucket and some of it is going to an export terminal anyway.
We have to ramp up power production any way that we can
Posted on 6/4/26 at 10:10 am to upgrayedd
quote:
I know for the metal mining that I’ve been involved with, there’s a reclamation requirement
They're supposed to but often utilize loopholes to get out of the obligation.
Bloomberg/NPR did an investigation in Eastern Kentucky/West Virginia over it in 2022 and found companies will do things like claim bankruptcy to get out of the obligation.
quote:
MIDER: Yeah. So there's a guy named Tom Clarke, and he wasn't a coal miner at all. He called himself an environmentalist. And when all these big coal companies started going under, Clarke showed up to take their mines off their hands. He had this wacky plan. He was going to save the coal industry and save the planet at the same time. He was going to mine coal and then plant trees to offset their carbon emissions. And so for a while, he's kind of a hero in West Virginia.
MARTINEZ: Oh. Well, how did that work out?
MIDER: It was a disaster. Clarke ran out of money. He racked up 160 environmental violations. Eventually, a court had to take over his operation. But looking at it from another perspective, that of the big mining companies whose mines he took over, it was kind of a success. One West Virginia official estimated that cleaning up just Clarke's mines could cost hundreds of millions of dollars. That's money that the companies that developed those mines will never have to pay.
Bloomberg/NPR interview from 2022 discussing the investigation
It's also worth noting that a lot of that reclamation is federally funded through grants and some of that funding has been cut in recent years. And companies have no real interest in paying for it themselves.
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