Regulatory Relief for Certain Stationary Sources To Further Promote American Energy

ProclamationRegulation easedSigned 25/07/17Federal Register 25/07/23Open the original

Summary

Under section 112 of the Clean Air Act, President Trump exempts the stationary sources listed in the annex for 2 years from the coal- and oil-fired power plant mercury and air toxics (MATS) emissions rule the EPA published on May 7, 2024, finding that the current compliance timeline could force facilities to close and undermine national security.

By industry

Energy & LNG1 trading day+0.1%p15 stocks5 trading days−6.7%p15 stocks20 trading days−13.3%p15 stocks
“Coal-fired electricity generation is essential to ensuring that our Nation's grid is reliable”

Day by day after the announcement

Energy & LNG stocks and the S&P 500 after the announcement, cumulative %
Day	Energy & LNG stocks	S&P 500
25/07/16	0.0%	0.0%
25/07/17	+0.8%	+0.7%
25/07/18	+2.0%	+0.6%
25/07/21	−3.9%	+0.8%
25/07/22	−3.8%	+0.8%
25/07/23	−5.0%	+1.8%
25/07/24	−3.2%	+1.8%
25/07/25	−5.0%	+2.1%
25/07/28	−4.5%	+2.1%
25/07/29	−3.8%	+1.8%
25/07/30	−4.3%	+2.2%
25/07/31	−5.1%	+1.3%
25/08/01	−6.5%	−0.3%
25/08/04	−6.2%	+1.3%
25/08/05	−6.3%	+0.6%
25/08/06	−7.6%	+1.4%
25/08/07	−8.2%	+1.4%
25/08/08	−9.9%	+2.3%
25/08/11	−10.4%	+1.9%
25/08/12	−11.0%	+3.0%
25/08/13	−10.0%	+3.3%

Korean stocks in these industries

Korea Gas Corporation 036460
POSCO International 047050
SK Innovation 096770
Samsung Heavy Industries 010140

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

Kelcy L. WarrenDirector
BuyEnergy Transfer
Buy
Energy Transfer
ET
$23.4M
1,350,000 sh
$23.4M
Filed 25/08/21
Traded 25/08/20
Kelcy L. WarrenDirector
BuyEnergy Transfer
Buy
Energy Transfer
ET
$11.2M
650,000 sh
$11.2M
Filed 25/08/21
Traded 25/08/19
Domenic J. Dell'Osso Jr.President and CEO
BuyExpand Energy
Buy
Expand Energy
EXE
$239.7K
2,500 sh
$239.7K
Filed 25/08/18
Traded 25/08/15
Joshua J. VietsEVP & COO
BuyExpand Energy
Buy
Expand Energy
EXE
$184.3K
2,000 sh
$184.3K
Filed 25/08/18
Traded 25/08/18
Jeffrey A. JewellExecutive V.P., CFO
BuyDT Midstream
Buy
DT Midstream
DTM
$15.7K
150 sh
$15.7K
Filed 25/08/07
Traded 25/08/07
Amy W. ChronisDirector
BuyKinder Morgan
Buy
Kinder Morgan
KMI
$75.1K
2,759 sh
$75.1K
Filed 25/07/29
Traded 25/07/28
Robert B. PenderSEE REMARKS
BuyVenture Global
Buy
Venture Global
VG
$19.6K
1,226 sh
$19.6K
Filed 25/07/02
Traded 25/06/30
Keith D. LarsonGeneral Counsel and Secretary
SellVenture Global
Sell
Venture Global
VG
$5.1M
394,864 sh
$5.1M
Filed 25/08/25
Traded 25/08/22
Julia LetlowRepresentative · Republican · LA
Partial saleExpand Energy
Partial sale
Expand Energy
EXE
$1K–$15K
Self
$1K–$15K
Reported 01/13
Traded 25/07/25
Keith D. LarsonGeneral Counsel and Secretary
SellVenture Global
Sell
Venture Global
VG
$1.2M
94,145 sh
$1.2M
Filed 25/08/25
Traded 25/08/21
David Patrick MichelsVP and CFO
Sell10b5-1 planKinder Morgan
Sell10b5-1 plan
Kinder Morgan
KMI
$1.1M
40,000 sh
$1.1M
Filed 25/08/04
Traded 25/08/04
Dax SandersEVP
SellKinder Morgan
Sell
Kinder Morgan
KMI
$814.9K
30,127 sh
$814.9K
Filed 25/08/13
Traded 25/08/11
Sarah FentonEVP Upstream
SellEQT
Sell
EQT
EQT
$646K
12,438 sh
$646K
Filed 25/07/28
Traded 25/07/25
Melissa CoxE.V.P., Chief Admin. Off
SellDT Midstream
Sell
DT Midstream
DTM
$496.8K
4,755 sh
$496.8K
Filed 25/08/12
Traded 25/08/11
Caroline Ann WinnEVP
SellSempra
Sell
Sempra
SRE
$419.4K
5,114 sh
$419.4K
Filed 25/08/14
Traded 25/08/14
Larry C. LarsenEVP & COO
SellWilliams Companies
Sell
Williams Companies
WMB
$263.1K
4,500 sh
$263.1K
Filed 25/08/12
Traded 25/08/11
Vicky A. BaileyDirector
SellEQT
Sell
EQT
EQT
$219.6K
4,259 sh
$219.6K
Filed 25/08/07
Traded 25/08/06
Sital K. ModyV.P. (Pres.,Nat Gas Pipelines)
Sell10b5-1 planKinder Morgan
Sell10b5-1 plan
Kinder Morgan
KMI
$1.3M
45,549 sh
$1.3M
Filed 25/08/04
Traded 25/08/01
John W. SchlosserV.P. (President, Terminals)
Sell10b5-1 planKinder Morgan
Sell10b5-1 plan
Kinder Morgan
KMI
$171.5K
6,166 sh
$171.5K
Filed 25/08/05
Traded 25/08/05
Alexander Lisa LarroqueSVP, Corp Affairs & HR
Sell10b5-1 planSempra
Sell10b5-1 plan
Sempra
SRE
$126.1K
1,576 sh
$126.1K
Filed 25/07/23
Traded 25/07/23