Peabody Energy is the world's largest private-sector coal company and a Fortune 500 company. Their production is located in the best mining regions in the United States and Australia, and we serve customers in some 25 countries on six continents, and are global leaders in sustainable mining, energy access and clean coal solutions. Due to Federal EPA, BLM and U.N. regulations, they filed for Chapter 11 in April of this year in this country. The mines and facilities in the U.S. will closed down.
In the United States alone, as of December 31, 2015, the Company holds an estimated 5.5 billion tons of proven and probable coal reserves, and the Company had U.S. coal sales of approximately 180 million tons.
Facts greenies omit..
One in three Americans qualify for energy assistance. Six in 10 Americans say a monthly increase of as little as $20 in utility bills would create hardship. In the last decade, the cost of energy as a percentage of pre-tax income has nearly doubled for the middle class.
The U.S. Environmental Protection Agency / UN’s greenhouse gas / Carbon Tax rules for coal and natural gas power plants will only make this situation worse, causing consumer power bills to soar up to 80%. The EPA's proposal for new coal plants is similar to using an electric car to set an emissions standard for new vehicles to replace the combustion engine. Their actions go beyond the law by mandating carbon capture technology that is promising for the future, though not yet commercially available .
Happy yet missy?
https://mscusppegrs01.blob.core.windows.net/mmfiles/sitemedia/ch11/first%20day%20declaration.pdf