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Trump announces $700m coal investment using wartime powers
Key takeaways
- Archie Mitchell Business reporter Getty Images Donald Trump plans to invest hundreds of millions of dollars to revive the US coal industry, with much of the new funding coming through the president's wartime powers.
- "So today we're taking historic action to bring down the price of energy and the cost of living for all Americans with the power of clean, beautiful coal," Trump said at the White House on Thursday.
- The investment comes as Trump seeks to insulate Americans from rising energy costs following the war with Iran.
Archie Mitchell Business reporter Getty Images Donald Trump plans to invest hundreds of millions of dollars to revive the US coal industry, with much of the new funding coming through the president's wartime powers.
"So today we're taking historic action to bring down the price of energy and the cost of living for all Americans with the power of clean, beautiful coal," Trump said at the White House on Thursday.
The investment comes as Trump seeks to insulate Americans from rising energy costs following the war with Iran.
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