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President Donald Trump invoked the Defense Production Act to provide federal funds for a wide range of energy projects, as his administration faces pressure to help curb rising oil, gasoline and electricity costs.<\/p>\n
Trump on Monday signed five presidential determinations under the law, targeting domestic coal power, liquefied natural gas, domestic petroleum and power-grid infrastructure \u2014 areas where he said insufficiencies threaten national defense.<\/p>\n
The move allows the Energy Department to deploy funding that was secured last year in Trump\u2019s flagship tax-and-spending package. Under the directives, the agency is authorised to use energy purchases, financial support and other tools to overcome delays, financing shortfalls, regulatory hold-ups and market barriers.<\/p>\n
With Trump\u2019s signature, the determinations set the stage for the federal government to release funds targeting purchases under those categories later. Projects eligible for support could include coal-fired power plants, refineries and facilities that manufacture gas turbines and transformers \u2014 electrical equipment that\u2019s been subject to shortages.<\/p>\n
White House spokeswoman Taylor Rogers cast the move as helping Trump fulfill his promise \u201cto fully unleash American energy dominance to protect our economic and national security.\u201d<\/p>\n
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The determinations allow the use of federal funding to \u201cstrengthen our grid infrastructure and unleash reliable, affordable, secure energy,\u201d she added.<\/p>\n
Consumer worries about high energy costs have weighed heavily on the White House as the Iran war drags on. Voter concerns about high costs of living \u2014 including for electricity and gasoline \u2014 could imperil Republicans\u2019 control of Congress in November\u2019s midterm election. Surging power demand \u2014 in part to help supply the artificial intelligence industry \u2014 also threatens to keep driving up electricity bills Trump promised to slash in office.<\/p>\n
Trump has pushed to expand domestic oil and coal-fired electricity production, saying that will help ease energy bills and match the growing demand for power by rapidly developing industries such as artificial intelligence.<\/p>\n
On Monday, the president said coal-powered generation is necessary to provide stable electricity \u201cto support defense installations, industrial expansion, and the high-energy demands of emerging technologies, such as artificial intelligence.\u201d He described the nation\u2019s \u201caging and constrained electric grid infrastructure\u201d as posing \u201can increasing threat to national defense,\u201d especially given limited US capacity to produce and install transformers, high-voltage transmission components and other equipment.<\/p>\n
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Trump also labeled LNG capacity as critical to ensuring energy security for allies and emphasized that inadequate pipelines, processing, storage and export capacity \u201cwould leave the United States and its partners dangerously exposed in times of crisis.\u201d And he declared US refining capacity central to fuel the nation\u2019s armed forces, asserting that \u201cwithout immediate federal action, United States defense capabilities will remain vulnerable to disruption.\u201d<\/p>\n
The Defense Production Act allows presidents to take unilateral actions to bolster US national defense capabilities, including by directing private-sector companies to expand production of critical industrial materials. Trump has already invoked the Cold War-era statute to advance some of his energy priorities, including a bid to clear the way for renewed oil production off the southern California coast.<\/p>\n
Former President Joe Biden also invoked the DPA to bolster energy technology, with the aim of boosting domestic production of solar panels, transformers, heat pumps and fuel cells.<\/p>\n
Trump set the stage for aggressively using the law on his first day back in office, when he formally declared a national emergency tied to US energy supply and infrastructure. The directive said the country faced an \u201cextraordinary threat\u201d from insufficient energy production, transportation and refining capacity.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Trump #invokes #wartime #powers #fund #energy #projects<\/p>\n","protected":false},"excerpt":{"rendered":"
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