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

»
22.11SHIMANO BT Master 11AP)
22.11
22.11
22.11GOLDWIN
22.11Qi10 TOUR 5W WF
22.11
22.11GX HR
22.11 GEORGIA
More »