Coal Producers Rise on Court’s Delay of EPA Pollution Rule
U.S. coal producers including Peabody Energy Corp. (BTU) and Alpha Natural Resources Inc. (ANR) rose after a federal court ruled that the Environmental Protection Agency must delay implementing air-pollution regulations.
Peabody, the largest U.S. coal-mining company, rose 9.5 to $36.27, the biggest gain in a month, while Alpha climbed 8 percent.
The U.S. Appeals Court in Washington late on Dec. 30 granted a request by electric power producers and other challengers to delay the deadline for some plants to start reducing some polluting emissions.
The EPA’s Cross-State Air Pollution Rule seeks to impose caps on sulfur dioxide, which can lead to acid rain, and nitrogen dioxide, a component of smog, in Texas and 26 eastern states.
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