Peabody says Trump bill recognizes value of clean coal

Peabody (BTU) issued a statement on the Trump administration’s Advancing America’s Clean Beautiful Coal announcement, which reads in part: “We applaud President Trump for the bold actions taken today to restore balance to U.S. energy policy and reaffirm coal’s vital role in keeping the lights on. As electricity demand surges around the world, we are grateful to have an administration that recognizes the unmatched reliability and affordability of beautiful clean coal when it comes to energy security and economic progress for all Americans. We also recognize the Trump Administration for partnering with private industry to achieve leadership in rare earth elements and critical minerals that are essential for advanced technologies.” Shares of Peabody are up 7%, or $1.75, to $26.29 in afternoon trading.