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Energy News – Peabody Energy Corporation (NYSE/BTU) shares plunged on Friday, June 26th, following an unfavorable ruling by the Supreme Court decision.
Because of new regulations on carbon emission rules by the Environmental Protection Agency, utilities have been shuttering some coal-fired plants. Today’s ruling by the Supreme Court deems those regulations are legal. Shares of Peabody and other coal miners were hammered after the announcement.
To make matters worse, credit rating agency Moody’s downgraded Peabody’s
The post Peabody Energy Shares Down After Unfavorable Ruling appeared first on Profit Confidential.
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