Trump Eyes Cold War Statute to Keep Coal Burning: Report
By Miranda Green
WASHINGTON, DC (April 19, 2018) – The Trump administration is looking into a Cold War-imposed statute to prop up U.S. coal plants, Bloomberg reports.
The administration is considering implementing the 68-year-old Defense Production Act, which was first passed by Congress in the midst of the Korean War as a way to nationalize an energy industry necessary in times of war.
The Trump administration aims to use the same statute to bolster long-struggling coal and nuclear power plants, various sources tell Bloomberg.