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Coal shares plunge ahead of Obama's climate-change speech

2013-06-25 02:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Washington Post: Shares of U.S. coal mining companies plunged Monday, battered by weak economic data from China, the overall stock market slide and the prospect that President Obama will announce plans for regulating greenhouse gas emissions from existing coal plants. "It was the triple whammy,' said James Rollyson, a coal analyst with the investment firm Raymond James. In addition, coal company investors were anxious over news Monday that the Supreme Court would review the D.C. Circuit Court of Appeals decision...

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