In the past year, Norway's sovereign wealth fund, the world's largest, has excluded more than a dozen US power companies - including Xcel, American Electric Power Co Inc and NRG Energy Inc - from its investments due to their reliance on coal-fired power. Instead, opponents say they are more concerned about further emissions cuts if the USA keeps the promises it made in the Paris climate agreement.
Coal had been the primary fuel source for US power plants for the last century, but its use has fallen more than a third since 2008 after advancements in drilling technology unlocked new reserves of natural gas.
Trump's executive order does not fundamentally change the economics of power production.
But Trump and several members of his administration have doubts about climate change, and Trump promised during his campaign to pull the United States out of the Paris climate accord, arguing it would hurt USA business.
According to retired Marine Corps Brig.
Flanked by coal miners and coal company executives, Trump proclaimed his "Energy Independence" executive order at the headquarters of the Environmental Protection Agency. Obama had pledged the USA would cut its emissions by about 25 percent. The state also increased its goal for renewable power generation past year from 10 percent to 15 percent by 2021.
Michael Flynn Initially Failed to Disclose Russia-Linked Income
Both panels are looking into Russia's meddling in the election and any ties between Trump associates and the Kremlin. Flynn's attorney said talks have taken place about immunity in order for him to testify.
The utilities gave many reasons, mainly economic: natural gas, coal's top competitor is cheap and abundant, solar and wind power costs are falling; state environmental laws remain in place; and Trump's regulatory rollback may not survive legal challenges.
Wood also served as environmental counsel for former Sen. Shares in USA coal companies edged higher in response.
"Those decisions are being made at the state level and plant by plant", said Earthjustice President Trip Van Noppen, who said his group is "continuing to work aggressively to retire dirty coal plants".
The tech giants are joined by Anheuser Busch, the Gap, General Electric, Mars and WalMart, each of whom has committed to reducing their carbon emissions and to using far more renewable energy. That ruling is the foundation behind President Obama's Clean Power Plan. An M.J. Bradley & Associates analysis commissioned by the Environmental Defense Fund in December 2015 said 17 of the 26 plaintiff states would have met the 2030 requirements simply by following energy investments they have already planned. But the United States still imports about 7.9 million barrels of crude oil a day, nearly enough to meet total oil demand in Japan and India combined. West Virginia, for example, may not have particularly young coal plants, but it also has few renewable resources and has not instituted a renewable portfolio standard. No matter how it rules, it will head back to the high court, which is now evenly split on the Clean Power Plan. The state's median-aged coal plant is 33 years old, and Montana has less wind capacity than neighboring states. With the policy risks contained, Julius Baer sticks to its positive view on clean energy yieldcos and U.S. energy infrastructure. That's why mining jobs have plummeted for the last two decades.
Regulators will have to draft rules and hold hearings.
"There's a simple math problem with Paris", Byers said. Among the initiatives now rescinded is the Clean Power Plan, which required states to slash carbon emissions to meet U.S. commitments under the Paris accord.