Home Analysts Blame Natural Gas, Not 'War On Coal,' for Peabody's Demise
 

Keywords :   


Analysts Blame Natural Gas, Not 'War On Coal,' for Peabody's Demise

2016-04-15 15:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Inside Climate News: Peabody Energy Corp. filed for bankruptcy yesterday amid falling coal and gas prices and costly federal regulations. Cheap and plentiful natural gas, as well as an oversupplied market of inexpensive coal -- not environmental regulations -- are the primary forces behind Peabody Energy Corp.'s bankruptcy and others in the U.S. coal industry, a wide range of financial experts said. Peabody, the largest coal company in the country, filed for Chapter 11 protection yesterday. Its demise comes on...

Tags: war natural gas blame

Category:Electronics and Electrical

Latest from this category

All news

»
14.11
14.115
14.11MTGfoil
14.11
14.11sw14000XH 8000
14.11katie
14.11EX 330 HP SAR
14.11 M1
More »