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Trump set to lift federal coal ban, unwind Obama's Clean Power Plan

Mar. 01, 2017 2:46 PM ETIDU, XLU, XLE, IYE, OIH, VDE, VPU, PXJ, BGR, FIF, RSPG, RSPU, DUG, DIG, UPW, UTG, FXN, FXU, KOL, DDG, ERY, ERX, GUT, BUI, FENY, FUTY, CRAKBy: Carl Surran, SA News Editor46 Comments
  • Pres. Trump will target Obama-era green regulations, including a federal coal mining ban and an initiative forcing states to cut carbon emissions, in an executive order as soon as next week, Reuters reports, citing a White House source.
  • The order will include the Clean Power Plan, former Pres. Obama's centerpiece initiative to combat climate change which was never implemented due to legal challenges launched by several Republican states.
  • Trump could begin the process of killing the regulation by having the EPA ask the courts to return it to the agency for review, effectively ending its legal defense; Trump could reverse the coal mining ban by asking the Department of Interior to lift it and resume its leasing program.
  • ETFs: XLE, XLU, VDE, ERX, OIH, UTG, KOL, IDU, VPU, ERY, DIG, DUG, BGR, GUT, IYE, BUI, FENY, FIF, PXJ, RYE, FUTY, RYU, UPW, DDG, FXN, FXU, CRAK

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