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Obama to Continue Efforts to Curb Greenhouse Gases, Push Energy Efficiency

Nov 8, 2012
(The Washington Post)

President Obama’s reelection, along with key wins by Senate Democrats, ensures that the federal government will press ahead with efforts to promote renewable energy and energy efficiency and to curb greenhouse gas emissions linked to climate change.

But the scope of these policies could be constrained by congressional opposition and by concern over their economic impact, making it likely that a second Obama term will deliver some, but not all, of environmentalists' top priorities.

Investors were quaking already, pummeling shares of coal-mining companies that waged a vigorous advertising battle against Obama's reelection and which are potential casualties of any curbs on greenhouse gas emissions. Shares of Peabody Energy fell 9.6 percent Wednesday, Arch Coal plunged 12.5 percent, Consol Energy dropped 6.1 percent, and Alpha Natural Resources sank 12.2 percent.