Economy & Business

"As Coal’s Future Grows Murkier, Banks Pull Financing"

As coal stocks plummet and a growing number of coal companies face bankruptcy, large banks are increasingly taking their money out of coal investments.

"Tens of thousands of miners were on strike and coal prices were skyrocketing in October 1902. Afraid of unrest, President Theodore Roosevelt sought the help of John Pierpont Morgan.

The powerful banker, who held great sway over the coal industry, brokered a deal with the miners that ended the strike.

Source: NY Times, 03/21/2016
April 13, 2016

DEADLINE: IJNR's Prairie Pothole Institute

From Jun 5-11, 2016, IJNR will lead a select group of journalists on a week-long tour of North Dakota's prairie pothole region, exploring the stories that arise when environments and economics intersect. Apply by Apr 13.

"Canadian Companies Supporting Fight Against U.S. Climate Plan: Report"

"Many large Canadian companies are financing legal action and lobbying against President Barack Obama’s climate change plan, putting the public and their investors at risk, said a new report released on Monday by an investment services organization."

Source: National Observer, 03/14/2016


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