Peabody Energy, World’s Top Coal Miner, Expected to File for Bankruptcy as Stock Price Tanks

“It is critical that a bankruptcy process for Peabody entails a just transition for workers and the environment, not organized looting by creditors and executives,” said Amanda Starbuck, program director at RAN. “As a corporation, Peabody practiced bad business all around – with poor strategic choices, abysmal treatment of its workers, gross negligence in communities where it operated, and consistent denial of climate science.” Read the full article here