Environmental pressures ‘major factor’ in Peabody bankruptcy

Richard Black comments on news world's largest privately owned coal producer has filed for bankruptcy

By George Smeeton

info@eciu.net

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Reports that Peabody Energy, the world's largest privately owned coal producer, has filed for US bankruptcy protection are ‘very big news’, says Richard Black, director of the Energy and Climate Intelligence Unit (ECIU).

Producers accounting for about 45% of US coal output have filed for bankruptcy in the current industry downturn. Image: tolkien1914, creative commons licence
Producers accounting for about 45% of US coal output have filed for bankruptcy in the current industry downturn. Image: tolkien1914, creative commons licence

Producers accounting for about 45% of US coal output have filed for bankruptcy in the current industry downturn. Image: tolkien1914, creative commons licence