Trump seeks coal boost, signing order for U.S. military to buy coal-generated electricity
President Trump signed an executive order to boost the U.S. coal industry, directing the Department of War to purchase coal-generated electricity for military operations. The Department of Energy will allocate $175M to upgrade six coal plants in several states. Peabody Energy and other coal companies saw stock increases following the announcement. Additionally, the Tennessee Valley Authority will delay the closure of two coal-fired plants. Trump's actions faced criticism from environmental groups, who argue it burdens taxpayers and does not promote affordable energy.
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