Trump Unveils $700 Million Investment in Coal Industry

The president said the initiative will support more than 14,000 jobs and save Americans more than $50 billion.

President Donald Trump prepares to sign an executive order during an event in the Oval Office on June 3, 2026. Kevin Dietsch/Getty Images

President Donald Trump announced $700 million in federal investments meant to support U.S. coal plants and exports during an Oval Office ceremony on June 4.

“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 during the event.