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Coal stocks soar after Trump win
The Hill: Stock prices for coal mining companies soared in Wednesday morning trading after Donald Trump’s presidential election win.
Trump has pledged to bring the coal industry back from the brink and save coal miners’ jobs, after years of decline due to competition from cheap natural gas and President Obama's policies.
Trump said he would roll back Obama’s climate policies like the Clean Power Plan, pull the United States out of the Paris climate agreement and cut back on federal funding for clean energy.
“A Trump administration will focus on real environmental challenges, not the phony ones we’ve been looking at,” he said in a May speech.
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