Wall Street Shows Skepticism Over Coal

The Wall Street Journal has reported that Citigroup, J.P. Morgan Chase & Co., and Morgan Stanley feel that the government will cap CO2 emissions in the near future. As a result, the banks will require the utilities to prove they will be able to maintain economic stability when the caps occur. Read the Wall Street Journal article, "Wall Street Shows Skepticism Over Coal," in addition to the author Jeffrey Ball's blog post, "Wall Street Tells Big Coal: Not So Fast."