Peabody Coal's bankruptcy would be 'rocket fuel' to end investment in old energy companies
March 25, 2016 - Uncategorized
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.
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…