Utilities, energy companies react to possible US withdrawal from climate deal

Reports that President Donald Trump is leaning toward backing out of the Paris climate agreement were met Wednesday with mixed reactions in the St. Louis area. Responses largely split along political lines, although some key stakeholders deferred comment until the president’s position becomes official.

St. Louis-based Peabody Energy, the world’s largest private coal company, supported the decision to withdraw. The company said targeted reductions in greenhouse gas emissions — between 26 and 28 percent of 2005 levels by 2025 — are too aggressive.

Ameren, the St. Louis-based utility that runs coal plants likely to be affected by the proposed carbon reductions, said it would not comment until the decision was official.

Peabody stock fell 2.2 percent Wednesday. Its competitor, Creve Coeur-based Arch Coal, saw its stock rise 0.5 percent.

Read more: St. Louis Post-Dispatch

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