Energy Select Sector SPDR (XLE)

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Trump signs order to curb Obama climate change rules
Pres. Trump officially signs an executive order removing climate related regulations on the energy sector, as expected.
The order formally reviews Pres. Obama’s Clean Power Plan, which would have required utilities to cut power plant carbon emissions to 32% below 2005 levels by 2030, pulls back guidance on climate change and official estimates of the social cost of carbon, methane and nitrous oxide, and rescinds a temporary ban on new coal leases on federal lands.