President Obama's plan to cut carbon emissions is directed squarely at coal-fired power plants, which are the largest source of carbon pollution. Coal supporters are claiming that jobs and local economies will be hurt, but coal exports and volumes had already started to decline even before the announcement. Coal prices are at a six-year low, but that hasn't helped the coal business. David Nelson of Belpointe Asset Management points out that not only will coal companies be hurt by the new legislation, but the rail companies that transport the coal will be hurt as well

More from Video

Video: This One Mathematical Concept Can Make You a Millionaire

Video: This One Mathematical Concept Can Make You a Millionaire

AAP Exclusive: Nvidia is Tied to Crypto and That's Bad

AAP Exclusive: Nvidia is Tied to Crypto and That's Bad

Video: Abercrombie & Fitch Shares Surged 57% So Far This Year

Video: Abercrombie & Fitch Shares Surged 57% So Far This Year

Video: Why It's Key to Invest in Stocks Even If You Have Student Loan Debt

Video: Why It's Key to Invest in Stocks Even If You Have Student Loan Debt

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs