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Taxpayers Mine Rehabilitation Problem
Views: 436
Jul 31 2015 02:45 PM | eds in Non-Renewable
The U.S. coal sector is in financial distress,
. . . Peabody Energy, 5 years ago, the stock market currently valued the company at,
. . . $18 billion market capitalization, but, today it is worth only,
. . . $350 million.
Meanwhile:
. . . Alpha Natural Resources, has been delisted from the New York Stock Exchange,
. . . Arch Coal, is fighting to stay in play, and
. . . Walter Energy, filed for bankruptcy this month.
If Peabody Energy, is unable to cover the cost of its mine rehabilitation,
. . . that burden will be shifted to taxpayers.
07-31-2015 Source: Taxpayers mine rehabilitation problem
. . . Peabody Energy, 5 years ago, the stock market currently valued the company at,
. . . $18 billion market capitalization, but, today it is worth only,
. . . $350 million.
Meanwhile:
. . . Alpha Natural Resources, has been delisted from the New York Stock Exchange,
. . . Arch Coal, is fighting to stay in play, and
. . . Walter Energy, filed for bankruptcy this month.
If Peabody Energy, is unable to cover the cost of its mine rehabilitation,
. . . that burden will be shifted to taxpayers.
07-31-2015 Source: Taxpayers mine rehabilitation problem
