Coal ETF Pressured By Cheap Natural Gas and Climate Change Policy

“The president’s announcement yesterday of essentially a national energy tax and the continuation of the war on coal will only make matters worse, putting thousands and thousands of Americans out of work; increasing the cost of electricity, especially in a state like mine, Ohio, where about 95 percent of our electricity comes from burning coal,” House Speaker John a. Boehner (R-Ohio), said in a news conference, reports Glenn Kessler for Washington Post.

Overseas, coal demand is rising, even in developed countries like Germany and Japan, which are cutting back on nuclear power.

Market Vectors Coal ETF

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Max Chen contributed to this article.