Materials Flat After Tax Bill Passes House -- Materials Roundup

Features Dow Jones Newswires

Shares of miners and other commodities producers were more or less flat as traders hedged their bets on the implications of a tax bill. The House of Representatives passed the latest version of the bill, which would implement $1.5 trillion of tax cuts for businesses and individuals. BHP Billiton, one of the world's largest miners, is threatening to leave the lobby group World Coal Association and the U.S. Chamber of Commerce over disagreements on climate policy, the latest commodity firm to react to pressure on global warming. The British-Australian company said it disagreed with the association's call for Australia to abandon its clean-energy targets and promote the use of lower-emission coal.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 19, 2017 16:58 ET (21:58 GMT)