Inside Climate News: Peabody Energy Corp. filed for bankruptcy yesterday amid falling coal and gas prices and costly federal regulations.
Cheap and plentiful natural gas, as well as an oversupplied market of inexpensive coal -- not environmental regulations -- are the primary forces behind Peabody Energy Corp.'s bankruptcy and others in the U.S. coal industry, a wide range of financial experts said.
Peabody, the largest coal company in the country, filed for Chapter 11 protection yesterday. Its demise comes on...