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Peabody Coal's bankruptcy would be 'rocket fuel' to end investment in old energy companies

March 25, 2016 - Uncategorized

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The campaign to convince investors to divest from fossil fuels has picked up steam in the past two weeks, thanks to the imminent bankruptcy of one major old-line energy company. 

Peabody Energy, the world’s largest privately-held coal company, signaled on March 15 that it may seek bankruptcy protection in order to restructure its skyrocketing debt.  

SEE ALSO: Norway’s $900 billion sovereign wealth fund to divest from coal companies

Peabody is not just your ordinary coal company — it is one that has steadfastly refused to incorporate the findings of mainstream climate scientists into its business planning, and may now be suffering as a result. Read more…

More about Solar, Fossil Fuels, Commodities, Investing, and Global Warming
Source: Mashable

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