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ANN KENEVAN on September 10, 2024

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ANN KENEVAN

The Real Winner Of Obama’s ‘War On Coal’: George Soros The real winner of President Barack Obama’s so-called “war on coal” isn’t the EPA, nor is it the natural gas industry. It’s liberal billionaire George Soros. Last week, Obama’s EPA announced sweeping regulations for U.S. power plants, forcing ... View MoreThe Real Winner Of Obama’s ‘War On Coal’: George Soros The real winner of President Barack Obama’s so-called “war on coal” isn’t the EPA, nor is it the natural gas industry. It’s liberal billionaire George Soros. Last week, Obama’s EPA announced sweeping regulations for U.S. power plants, forcing them to drastically reduce carbon dioxide emissions 32 percent by 2030. The news sent shockwaves through the coal industry, sending stocks tumbling and forcing the industry’s two biggest players to consider bankruptcy filings.Both Peabody and Arch Coal “have seen their market values plummet” due to “competition from cheap natural gas, new environmental regulations and a slowing export market,” according to SNL Financial. Soros was able to pick up these coal stocks on the cheap, in part, due to Obama administration regulations targeting coal-fired power plants and coal mines. That’s where liberal billionaire Soros steps in. In the days after the Clean Power Plan was announced, Soros bought more than 1 million shares of Peabody Energy and 553,200 shares of Arch Coal — the country’s two biggest publicly-traded coal companies. Both Peabody and Arch Coal “have seen their market values plummet” due to “competition from cheap natural gas, new environmental regulations and a slowing export market,” according to SNL Financial. Soros was able to pick up these coal stocks on the cheap, in part, due to Obama administration regulations targeting coal-fired power plants and coal mines. Soros, the 29th richest person in the world, has been a major funder of liberal causes in the country. In 2009, he pledged to spend $1 billion of his own money backing green energy, and he also put funding behind the Climate Policy Initiative think tank, according to The Guardian. The Real Winner Of Obama’s ‘War On Coal’: George Soros https://dailycaller.com/2015/08/19/the-real-winner-of-obamas-war-on-coal-george-soros/

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The Real Winner Of Obama’s ‘War On Coal’: George Soros dailycaller.com

September 10, 2024

ANN KENEVAN

OBAMA BANKRUPTED THE COAL INDUSTRY AND GEORGE SOROS BOUGHT IT PENNIES ON THE DOLLAR! Climate philanthropist George Soros invests millions in coal This article is more than 9 years old Billionaire... View More

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September 10, 2024