The Washington Post reports:
Shares of U.S. coal mining companies plunged Monday, battered by weak economic data from China, the overall stock market slide and the prospect that President Obama will announce plans for regulating greenhouse gas emissions from existing coal plants.
“It was the triple whammy,” said James Rollyson, a coal analyst with the investment firm Raymond James.
In addition, coal company investors were anxious over news Monday that the Supreme Court would review the D.C. Circuit Court of Appeals decision to reverse the Cross-State Air Pollution Rule, one of the Obama administration’s key tools for improving air quality by forcing coal-fired power plants to install pollution controls.