Reuters reported that coal shares fell on Wednesday in the wake of Obama’s re-election, amidst fears that he will impose tough, new regulations on the sector.
As quoted in the market report:
The Obama Administration, through the Environmental Protection Agency, had set rules limiting greenhouse gas emissions from power plants. This has forced companies to retire many of their coal-fired plants or install expensive new pollution-control equipment.
Get the top stories on resource investing FREE!Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.