Friday, July 20, 2007

Greens rejoice as analyst sours on U.S. coal

(Reuters) - NEW YORK - An across-the-board downgrading of
U.S. coal company stocks by a Citigroup Inc. analyst is the
latest victory in a fight against plans for new coal-fired
power plants, environmentalists said.




Citigroup analyst John Hill downgraded coal company stocks
across the board in a report this week, saying that expected
U.S. greenhouse gas regulations on coal, which emits more of
the main heat-trapping gas carbon dioxide than any other fuel,
paint a bleak outlook for the sector.


Read more at Reuters.com Bonds News

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