01-06-2017 00:08 via yahoo.com

U.S. coal stocks fall; exit from climate deal may hurt, not help

By Rodrigo Campos and Nichola GroomNEW YORK/LOS ANGELES (Reuters) - U.S. coal company shares dipped alongside renewable energy stocks on Wednesday after reports that President Donald Trump plans to pull the United States from a global accord on fighting climate change.The market reaction reflects concerns, raised by some coal companies in recent months, that a U.S. exit from the Paris Climate Agreement could unleash a global backlash against coal interests outside the United States.
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