Statement from Margie Alt, Director of the Climate Action Campaign on Trump’s New $700 million Fossil Fuel Slush Fund
FOR IMMEDIATE RELEASE: June 3, 2026
CONTACT: Gabrielle Levy, Glevy@cacampaign.org, 562-673-6974
Statement from Margie Alt, Director of the Climate Action Campaign on Trump’s New $700 million Fossil Fuel Slush Fund
Washington – Climate Action Campaign director Margie Alt released the following statement in response to reports that Donald Trump will announce a new $700 million slush fund to bail out coal plants and export American energy, driving up climate pollution and costs for American families:
“Just one day after abandoning his scheme to funnel taxpayer money to January 6 insurrectionists, Donald Trump is back at the trough — this time for his fossil fuel cronies.
“His latest giveaway: $700 million to prop up dying coal plants. Coal plants that can’t survive on their own – because they are too polluting and too expensive to run. Coal plants that can’t compete in the marketplace against cleaner and cheaper solar power. Coal plants that already have Americans paying through the nose on their skyrocketing electricity bills. Every dollar spent bailing out these aging, inefficient relics will get passed straight to consumers, meaning even higher bills, guaranteed, every single time. And it gets worse.
“Trump also wants to use this dirty energy slush fund to export fossil fuels overseas — at the exact moment that energy demand is surging here at home. Instead of lowering your electricity bill, figuring out how to bring down gas prices, or expanding the amount of clean, renewable energy the nation needs, Trump’s proposal will pump billions of tons of climate pollution and toxics into the air we breathe. This hurts our families’ health and increases the extreme weather our communities face. This isn’t an energy policy. It’s a climate bomb. And it’s a wealth transfer, from our wallets to coal executives.
"That’s the Polluters First Agenda in a nutshell: blow up what works, bankroll what doesn’t, and send the bill to everyone else.”
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About the Climate Action Campaign
Climate Action Campaign (CAC) is a vibrant coalition driving ambitious, durable, equitable federal action to tackle the climate crisis. By cutting carbon pollution and accelerating the transition to clean energy, we will improve public health and create a more resilient economy and a more sustainable future for all.
