Ahead of President Donald Trump's anticipated decision on the Paris Accord, energy stocks are in flux.
Peabody Energy (BTU) , the largest publicly traded U.S. coal company, and Cloud Peak Energy (CLD) were both declining in early trading on Thursday. Notably, the two companies had asked the president to remain a part of the Paris Climate Agreement, Reuters reported.
Some supermajor oil and gas companies have also backed the accord as well, namely Exxon Mobil (XOM) , Chevron (CVX) and BP (BP) . Exxon's new CEO Darren Woods, who succeeded current U.S. Secretary of State Rex Tillerson, even penned a personal letter to the president addressing the matter, according to the Financial Times.
On the other hand, Pattern Energy (PEGI) , which has a portfolio of wind power facilities, closed lower on Wednesday, while NextEra Energy (NEE) finished in the green as did Clean Energy Fuels (CLNE) .
Trump has campaigned on the promise to leave the deal. And, he will finally announce his decision at 3 p.m. EST in the White House Rose Garden.