This week, a giant that had been teetering for many months finally fell, as Peabody Coal officially declared bankruptcy. For market watchers around the globe, this was a decisive movement in the long decline of an industry that once seemed invincible – the New York Times called it “Wall Street’s retreat from King Coal.” For those of us who live and work in Appalachia, this is the IMAX version of a movie we’ve seen many times before, one where coal company executives take the money and run, attempting to leave communities and taxpayers holding the bag for ruined communities, workers, mountains, and rivers.
This time, we can’t let them get away with it. There’s way too much at stake.
The transition away from polluting coa…
Read the full article at: http://www.huffingtonpost.com/mary-anne-hitt/peabodys-bankruptcy-a-gia_b_9680582.html