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US #Coal Company Files For Chapter 11 Bankruptcy


 
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#1 eds

eds

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Posted 17 December 2018 - 07:03 AM

Westmoreland Coal Co. is the 6th largest coal company in America,
. . . but, with $1.4 billion in debit,
. . . it recently filed for Chapter 11 bankruptcy.

“Westmoreland’s declaration of bankruptcy,
. . . is the latest clear signal that the coal industry
. . . is in an irreversible decline.
With numerous coal companies facing bankruptcy in recent years,
. . . it is clear that further investments in coal are a mistake.”

12-17-2018 Source: US #Coal Company Files For Chapter 11 Bankruptcy

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