Report pinpoints billions in available US funds to revive coal country By Reuters – Investing.com

Report pinpoints billions in available US funds to revive coal country By Reuters – Investing.com

© Reuters. FILE PHOTO: A leaf sits on top of a pile of coal in Youngstown, Ohio

(Refiles to remove extraneous word from headline) By Valerie Volcovici WASHINGTON (Reuters) - The U.S. government can tap nearly $38 billion from existing federal funds to revitalize communities hard hit by the closure of coal mines or coal-fired power plants, a White House-appointed group wrote in a report for President Joe Biden released on Friday. The Interagency Working Group on coal and power plant communities, which Biden established in a January executive order, identified available federal resources that can be used to spur economic development in areas affected by the demise of coal due to market forces and the shift toward cleaner energy. “The coal and power plant workers who built our nation can play a huge role in making America's clean energy future a reality, and this report outlines just the first steps the Biden Administration is taking to make sure they have those opportunities - right in their communities,” said Energy Secretary Jennifer Granholm, a member of the working group. The Energy Department also announced $109.5 million in additional new funds to jumpstart "next-generation industries" such as carbon capture projects on