Categories: Business

Trump administration announces $100 million in funding to upgrade coal plants

(Reuters) -The U.S. Department of Energy on Friday announced that it would make $100 million available to refurbish and modernize existing coal-fired power plants. The move is part of the Trump administration's effort to reverse the decline of coal use in the United States. The Energy Department said last month it would provide $625 million to expand power generation fueled by coal. The number of coal-fired power plants has shrunk in recent years due to concerns about the fossil fuel's impact on public health and the environment and because of competition from cheap natural gas. The administration of President Donald Trump has said coal can help deliver the large amounts of electricity needed to power U.S. data centers and dominate the market for artificial intelligence. “For years, the Biden and Obama administrations relentlessly targeted America’s coal industry and workers, resulting in the closure of reliable power plants and higher electricity costs," said U.S. Secretary of Energy Chris Wright. “Thankfully, President Trump has ended the war on American coal and is restoring common sense energy policies that put Americans first. These projects will help keep America's coal plants operating and ensure the United States has the reliable and affordable power it needs to keep the lights on and power our future." Environmentalists say Trump's push to prop up coal runs counter to global efforts to reduce carbon emissions and combat climate change. The Energy Department said the funds would be allocated to three strategic areas: advanced wastewater management, fuel switching between coal and natural gas and coal-natural gas co-firing systems. (Reporting by Nichola Groom in Los Angeles and Timothy Gardner in Washington; Editing by Matthew Lewis)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Microdramas boom in a shrinking Hollywood as studios chase a TikTok audience

By Dawn Chmielewski, Rollo Ross, Harshita Mary Varghese and Lisa Richwine LOS ANGELES, Aug 18…

8 minutes ago

Disney, ABC sue FCC over threats to broadcast licenses

By David Shepardson WASHINGTON, Aug 18 (Reuters) - Disney and its ABC unit sued the…

22 minutes ago

Microdramas boom in a shrinking Hollywood as studios chase a TikTok audience

By Dawn Chmielewski, Rollo Ross, Harshita Mary Varghese and Lisa Richwine LOS ANGELES, Aug 18…

46 minutes ago

Disney, ABC sue FCC over threats to broadcast licenses

By David Shepardson WASHINGTON, Aug 18 (Reuters) - Disney and its ABC unit sued the…

2 hours ago

Disney, ABC sue US regulator over threats to broadcast licenses

By David Shepardson WASHINGTON, Aug 18 (Reuters) - Disney and its ABC unit sued the…

3 hours ago

Madonna tops Taylor Swift in nominations for MTV's Video Music Awards

By Lisa Richwine LOS ANGELES, Aug 18 (Reuters) - Pop music veteran Madonna scored the…

3 hours ago