Tuesday, June 25, 2013

Obama climate change plan hits coal stocks

Obama climate change plan hits coal stocks

Coal and some utility stocks were rising modestly Tuesday ahead of President Obama's scheduled speech on climate change, in which he plans to lay out a sweeping initiative to limit carbon emissions from all power plants in the U.S.
Coal producer Peabody Energy and some utilities, such as Southern Co. and American Electric Power are warning that Obama's plan will raise consumer energy costs. ...


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