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Stock impact report

Trump Says He's Authorizing Administration to Produce Coal Power [Yahoo! Finance Canada]

Peabody Energy Corporation (BTU) 
Last peabody energy corporation earnings: 4/29 08:00 am Check Earnings Report
Most Read from Bloomberg “I am authorizing my Administration to immediately begin producing Energy with BEAUTIFUL, CLEAN COAL,” Trump wrote in a social media post. It's not clear what Trump was referring to, or how his social media decree would impact actual US policy. Trump already signed an executive order earlier in his term declaring a national energy emergency and directed the Environmental Protection Agency to boost fossil fuel production and distribution. Energy Secretary Chris Wright said earlier this month that the administration was working on a “market-based” plan to stem the closing of US coal-fired power plants. Coal accounts for about 15% of power generation in the US today, down from more than half in 2000, according to the US Energy Information Administration. An additional 120 coal-fired power plants are scheduled to shutdown in the next five years in part because of environmental regulations that have made them uneconomic, according to the America's Power tr Show less Read more
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