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Tag: coal
CSX Profit Meets Estimates as Cost Cuts Help Offset Coal Slump
2016-04-14 09:17:03| Railroads - Topix.net
CSX Corp.'s first-quarter profit met analysts' estimates as cost cuts helped make up for a drop in coal and oil carloads at the largest railroad in the eastern U.S. Earnings fell to 37 cents a share from 45 cents a year earlier, CSX said in a statement Tuesday, in line with the average of 25 forecasts compiled by Bloomberg. Sales fell 14 percent to $2.62 billion.
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Largest US coal miner Peabody Energy files for bankruptcy
2016-04-13 17:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Economic Times: Peabody Energy, the largest US coal miner, filed for bankruptcy today, battered like the rest of the industry by competition from cheap natural gas and the global push for cleaner energy. The long-expected move made Peabody just the latest and largest of dozens of US miners to go under as the fracking revolution made cleaner natural gas cheaper to use for steel plants and power generators at the same time that demand from China's huge coal-dependent industrial sector began to fall. St Louis,...
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The Western Worlds Largest Coal Company Declares Bankruptcy
2016-04-13 15:28:00| Climate Ark Climate Change & Global Warming Newsfeed
National Geographic: Peabody Energy, the largest coal company in the Western world, declared bankruptcy Wednesday. The announcement is a towering sign that coal power likely has reached a point of no return in a world seeking cleaner energy sources. Nearly 200 countries committed last December in Paris to cut emissions of heat-trapping greenhouse gases. Burning coal for electricity emits twice the carbon dioxide of natural gas, and the resulting pollutants have been linked to thousands of premature deaths and asthma...
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Coal giant Peabody files for bankruptcy
2016-04-13 11:09:26| BBC News | Business | UK Edition
Peabody Energy, the world's largest privately-owned coal miner, has filed for bankruptcy protection in the US.
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coal
The worlds largest coal company just went bankrupt
2016-04-13 11:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: In a move that has environmentalists hunting for graves to dance on, Peabody Energy, the world`s largest private-sector coal company, has filed for bankruptcy. Its the fourth major U.S. coal company to go bankrupt in the last year. The dirtiest fossil fuel sector has been hit hard by the natural gas boom and dropping prices for renewables. Further adding to coals woes are Obamas pending Clean Power Plan and aggressive anti-coal organizing by climate activists. In a statement, the company...
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