The Obama administration has unveiled its latest proposal to help curb carbon emissions.
Monday's announcement is taking aim at power-producing plants around the country, with the coal plants taking the brunt of the hit. As states are forced to lower the amount of emissions that are produced, the main focus will be on the high-carbon-emitting coal plants.
Coal
Currently accounting for 41 percent of the world’s electricity and about 40 percent in the U.S., the sweeping changes will undoubtedly lower that figure.
Coal stocks have been preparing for this day -- as the shares of the Market Vectors Coal ETF (NYSE: KOL) are down 10 percent in the last year, and a whopping 60 percent in the last two years. While ...
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