- No one should be surprised by the EPA's proposals for tough requirements on new coal plants - they had been anticipated for at least a year - but coal stocks are down across the board: ANR -4.6%, ACI -4.2%, WLT -4%, BTU -3.2%, CLD -2.6%, JRCC -1.4%, CNX -1.1%, RNO -0.6%.
- New coal plants are required to limit their emissions to 1,100 lbs. of CO2 per mw hour, ~700 fewer lbs. than most modern-day coal units; the only way to meet the standard is to use new carbon capture and storage technology that isn't currently used at any commercial-scale plant.
- The legal fight ahead will hinge largely on the EPA's ability to show that the technology is a viable option; the Clean Air Act requires the agency to show its standards are "achievable" and that required technology has been "adequately demonstrated."
- ETF: KOL.
Coal stocks fall as EPA releases plans to curb emissions
From other sites
at CNBC.com (Dec 31, 2014)
at Nasdaq.com (Dec 11, 2014)
at CNBC.com (Nov 18, 2014)
at CNBC.com (Nov 5, 2014)
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