END FOSSIL FUELS? 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.
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.
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.
https://www.theguardian.com/environment/2015/aug/19/climate-philanthropist-george-soros-invests-millions-in-coal
In Album: ANN KENEVAN's Timeline Photos
Dimension:
2028 x 1352
File Size:
75.46 Kb
Angry (2)
Loading...
