NEW YORK, Dec 17 (Reuters) - Shares of U.S. coal mining companies rose on Wednesday after U.S. President-elect Barack Obama named a pro-coal senator as his choice to become interior secretary.
Obama said he will nominate U.S. Sen. Ken Salazar, a Colorado Democrat, as U.S. interior secretary, overseeing national parks as well as federal lands leased for oil and gas drilling.
“The sentiment suggests Salazar is pro-coal, where Obama is seen as anti-coal,” said analyst Jeremy Sussman of Natixis Bleichroeder.
“He is practical and not too ideological, and a bill he sponsored on capture and storage of carbon emissions, was widely supported.”
The S&P coal index .GSPCOAL was 3 percent higher. (Editing by Jeffrey Benkoe)
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