Replies to post #134 on Energy Select Sector SPDR (XLE)

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Trump to sign clean power rollback order tomorrow, EPA's Pruitt says
The Trump administration will issue an executive order tomorrow that begins dismantling former Pres. Obama's Clean Power Plan that cut carbon dioxide emissions and discouraged coal-fired electricity, EPA chief Scott Pruitt said yesterday.
Pruitt told ABC's This Week that the order would be followed quickly by actions to "make sure that whatever steps we take in the future will be pro-growth, pro-environment but within the framework of the Clean Air Act.”
Obama's EPA set a goal of cutting carbon dioxide emissions by 32% below 2005 levels by 2030, and its Clean Power Plan dictated specific targets for states; the initiative has been in legal limbo since the U.S. Supreme Court stayed it in February 2016, but utilities have reduced coal-fired electricity and added natural gas and renewable power, partly to satisfy the Plan's looming requirements.