Jun. 4 at 8:29 PM
$ARLP $ARCH $BTU $CEIX
Trump announces
$700M investment in U.S. coal industry
U.S. President Donald Trump announced that the U.S. will invest
$700M in the U.S. coal industry using emergency powers under the Defense Production Act. The investments will be in coal plants and mines in West Virginia, Wisconsin, Kentucky, Tennessee, North Carolina, North Dakota, Wyoming, Kentucky, Ohio, Indiana, Illinois, New Mexico, Alaska, and Maryland. Publicly traded companies in the space include Alliance Resource Partners (ARLP), Arch Resources (ARCH), Consol Energy (CEIX) and Peabody (BTU).