SPECIAL REPORT-Little lab on the prairie clears path to big 'clean coal' profits [Reuters (UK)]
Ameren Corporation (AEE)
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Source: Reuters
Special Report: Little lab on the prairie clears path to big 'clean coal' profits | Reuters 13 Min Read (Reuters) - “Clean” coal is a rich vein for American investors to mine, thanks to a lucrative subsidy offered by the U.S. government. For many producers of the fuel, the path to profit leads through a laboratory at the University of North Dakota. The school’s Energy and Environmental Research Center reported earning about $5 million in fiscal 2015-16 performing laboratory tests that qualify clean-coal producers for the subsidy. On any given day, EERC technicians take a sample of up to one ton of the coal from a producer and burn it in a miniature boiler to determine whether it reduces a specific pollutant enough to make the grade. A stamp of approval from EERC, or a handful of other labs serving the industry, unlocks a tax credit worth more than $7 a ton to producers and their investors. The subsidy, enjoyed by more than 50 clean-coal operations stretching from West Virginia to Wyom
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- Ameren Co. (NYSE: AEE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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- 5/2/24 - Miss
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- 4/5/24 - Form DEFA14A
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