How to make coal companies pay to clean up their messes

Posted by on Apr 12, 2016 @ 6:10 am in Conservation | 0 comments | Last modified: April 11, 2016

Peabody Energy, the world’s largest private-sector coal company, is not in great financial shape. Last month, it casually skipped a $71 million interest payment, and analysts are speculating that it may be edging toward bankruptcy. Standard and Poor’s recently downgraded Peabody’s credit rating to a “D.” The company has $6.3 billion in outstanding long-term debt. If...

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