Thursday, the Environmental Protection Agency’s (EPA) Environmental Appeals Board basically ordered that Best Available Control Technology (BACT) for Carbon Dioxide (CO2) must be part of air pollution permits for all new coal plants. Impact? Roughly put, all new domestic coal-fired electricity plants just got stopped hard in their tracks. And, the market noticed. Friday, major coal companies and coal-burning utilities dropped … Peabody down eight percent and Arch Coal was down over 12 percent. Hmmm, might we hope that those who have profiteered for too long off polluting energy choices see more losses on the market?
BTU – Peabody Energy Corporation (NYSE)
27.07 -2.40 (-8.14%) Nov 14 4:02pm ET
Open: 28.65
High: 29.47
Low: 26.88
Volume: 8,798,824
Avg Vol: 14,843,000
Mkt Cap: 7.22B
ACI – Arch Coal, Inc. (NYSE)
15.86 -2.22 (-12.28%) Nov 14 4:03pm ET
Open: 17.69
High: 18.13
Low: 15.79
Volume: 5,942,356
Avg Vol: 8,729,000
Mkt Cap: 2.27B
Disclaimer
DUK – Duke Energy Corporation (NYSE)
15.64 -0.47 (-2.92%) Nov 14 4:00pm ET
Open: 15.79
High: 16.29
Low: 15.32
Volume: 15,675,957
Avg Vol: 14,953,000
Mkt Cap: 19.79B
Disclaimer
After Hours: 15.40 -0.24 (-1.53%) Nov 14 4:05pm ET