Obama "bankrupting" coal companies

[stpioc]

Reviving coal? Hardly..

Perhaps most surprising is how, in that same period, stock prices have fallen for U.S. coal companies, Mic found. Stock prices for the three-largest publicly traded coal producers, who mine more than half the country's coal, have not recovered from major losses seen before the election. 

Peabody Energy, which dug 351 million pounds of coal in 2015, went bankrupt in April 2016. Peabody has lost more than 20% of its value since its stock was reissued at the beginning of April this year — a move that came after Trump struck down Obama's Clean Power Plan and a rule that prohibited coal companies from dumping waste in streams. 

Another top coal producer, Cloud Peak Energy, has lost 59% of its value since the day after Trump's victory. Alpha Natural Resources, a privately owned top-five coal producer,  announced Tuesday it was divesting entirely from coal and natural gas holdings in West Virginia.

The White House has been careful not to offer specific projections on how many jobs will be created by these changes. But in broad strokes, the administration has promised that rolling back environmental regulations will lead to higher employment. "I made [coal miners] this promise we will put them back to work," Trump said when he rolled back Obama's rules restricting power plant pollution.

Trump is reducing environmental regulations - Business Insider