President Trump is expected to announce a $700 million investment package aimed at supporting the coal industry, according to administration sources.

The funding plan involves using wartime authority under the Defense Production Act to distribute the money across multiple coal-related projects. The largest portion, $425 million, would go to 13 existing coal plants across the country.

An additional $75 million is designated for a coal export terminal in California, which would enhance the nation's ability to ship coal overseas. The remaining $185 million in funding has been allocated for other coal industry support measures, though specific details about these programs have not been disclosed.

The Defense Production Act, originally enacted during the Korean War, grants the president broad authority to direct private industry to prioritize national defense needs. The Trump administration has previously used this authority during the COVID-19 pandemic to compel production of medical supplies and equipment.

The announcement comes as the coal industry has faced significant economic challenges in recent years, with many plants closing due to competition from natural gas and renewable energy sources. The administration has consistently emphasized support for coal as part of its broader energy policy agenda.