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Trump announces $700 million investment in coal plants, California export terminal

President Trump on Thursday announced plans for his administration to commit $700 million in funding for coal plants and a new export terminal. CBS News' Olivia Rinaldi has details on the announcement and Mike O'Boyle, senior director for policy and strategy at Energy Innovation, joins with analysis

Published June 4, 2026, 9:13 PM
Updated June 4, 2026, 9:41 PM2.5K
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Trump announces $700 million investment in coal plants, California export terminal

President Trump on Thursday announced plans for his administration to commit $700 million in funding for coal plants and a new export terminal. CBS News' Olivia Rinaldi has details on the announcement and Mike O'Boyle, senior director for policy and strategy at Energy Innovation, joins with analysis.

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