Paris climate deal sinks coal stocks

• Coal stocks sink (KOL -1.7%) as renewable energy stocks rally following this weekend's climate change accord reached in Paris, which could foreshadow tougher worldwide regulations on coal and oil companies.
• The details of implementation will be left to individual nations, with a range of possible policy measures which could include tighter environmental regulations, taxes on carbon, and a shifting of government subsidies; analysts generally believe the net impact will be a further gradual reduction of global oil and coal demand growth over the decades to some, rather than an immediate downward revision.
• Among coal focused stocks: BTU -12.4%, CLD -10.8%, WLB -9.3%, CLF -5.2%, ARLP -4.4%, ACI +1.2%.