Trump announces $700 million funding for coal plants, energy infrastructure

U.S. President Donald Trump announced $700 million in funding for coal plants, mines, and an export terminal, utilizing the Cold War-era Defence Production Act. This initiative aims to support the coal industry, keep existing facilities open, and build new ones, despite coal being the highest emitter of greenhouse gases. The move includes redirecting funds from climate change projects and follows previous actions to roll back environmental regulations and increase fossil fuel use, making the U.S. an outlier in global coal consumption trends. The UN has warned about rising global temperatures primarily driven by fossil fuels.