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Trump Reignites Coal Industry at Davos

Trump Reignites Coal Industry at Davos

In classic Trump fashion, the President declared at the World Economic Forum in Davos, “Nothing can destroy coal. Not the weather, not a bomb. It’s a great backup.”  These words, delivered with signature bravado, sent a warm glow through U.S. coal producers—along with a noticeable bump in their stock prices. Peabody Energy Corp. surged over 7%, Core Natural Resources Inc. climbed nearly 3%, and the coal subsector index shot up by over 4%.  For an industry that’s been left out in the cold in recent years,…

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