Breaking News

Trump’s $625 million coal plan targets AI race and rising energy costs

The Trump administration announced on Monday an investment of $ 625 million to enhance the coal industry in America, a plan aimed at maintaining open coal factories, low energy costs and enabling the United States to win the global race to dominate artificial intelligence.

US Energy Minister Christopher Wright announced extensive programs to help the coal industry “Sabah with Maria” in Fox, saying that the United States has “wonderful charcoal reserves” that can be used.

“We will export more of this charcoal, and we will use it in the American industry, especially during our soothing, and it will continue to save 15 % to 16 % of our electricity and enable us to reformulate and win the artificial intelligence race,” Wright said.

The investment of $ 625 million includes $ 350 million to update reliable electric coal factories and capacity; 175 million dollars for coal projects that are expected to bring cheaper and reliable energy to rural communities; 50 million dollars to upgrade sewage management systems to extend the life of coal factories and reduce operating costs; $ 25 million to enable coal power plants to work on double fuel; And $ 25 million to support investments that will maintain the efficiency of the boiler and reliability when using natural gas by 100 %.

Trump, the supervisor, is back away from energy production with an “aggressive agenda” in the main sector. Biden reflects a “energy war”

The Trump administration announced on Monday an investment of $ 625 million to enhance the American coal industry. (Plus49/Construction Photography/Avalon/Getty Images, file/getty images)

Wright said that coal was “under attack” for years, although “it is important to the American industrial power.”

He described coal as a “backbone” for steel production, which is very important to produce cement and is necessary to feed the mutation of artificial intelligence.

Smoke of emissions at Oak Group, which is fed by coal on April 29, 2024 in Robertson Province, Texas

Emotions at Oak Group, which is fueled by coal on April 29, 2024, in Robertson Province, Texas. (Brandon Bell / Getty Emmaiz / Gettie Emayiz)

Trump appointed coal as a metal: What does this mean for the industry?

Wright added that the programs also aim to add what he called “pollution control” so that the coal factories in America are “cleaner and better.”

Coal on Bargi in Pittsburg, the United States, on Monday, September 9, 2024. Promotion of the United States's weekly coal decreased by 13.8 % on the basis of the week ending August 31, according to the Ministry of Energy. Photographer: Justin Meriman/Bloomberg via Getti Ims

Coal on Bargi in Pittsburg, Pennsylvania, on Monday, September 9, 2024. (Justin Merimman / Bloomberg via Getti Embron / Tire)

“The coal makes the world wander,” they have tried to strangle it, especially the Biden administration, starting with the Obama administration, “adding that coal has a” long future. “

Get Fox Business on the Go by clicking here

“Let’s stop wishes to disappear,” Wright said. “It is very important for our country.”

2025-09-29 12:12:00

Related Articles

Back to top button