"Blackhawk Mining, which operates 10 mining complexes across West Virginia and Kentucky with about 2,800 employees, has reached an agreement with most of its lenders. The company said in a news release that it is filing bankruptcy and all of its subsidiaries must be reorganized under its Chapter 11 filing."
Economy & Business
"Some of the Democrats running for president are urging the U.S. central bank to actively confront climate risks to protect the nation's financial system. "
"A few of the Democrats running for president have started warning about climate change in a way that voters rarely think about yet can profoundly affect their lives. To sum it up: If you think the housing crisis was bad, wait until you see how the climate crisis plays out for financial markets.
"It’s difficult to figure out who’s funding climate denial, because many of the think tanks that continue to question established climate science are nonprofit groups that aren’t required to disclose their donors."
"Nearly two dozen governors, including several Republicans, are imploring the Trump administration to embrace more aggressive gas mileage requirements for the nation’s cars and pickup trucks, saying the White House’s effort to weaken existing requirements could hurt consumers, automakers and the environment."
"The consulting firm Moody’s Analytics says climate change could inflict $69 trillion in damage on the global economy by the year 2100, assuming that warming hits the two-degree Celsius threshold widely seen as the limit to stem its most dire effects."
"One of the nation’s largest coal producers with mines in Eastern Kentucky filed for bankruptcy protection Monday, making it the second large coal company to do so in the past two weeks."
"Oil companies are producing record amounts of crude oil and natural gas in the United States and have become major exporters. Yet the companies themselves are finding little to love about this seeming bonanza."
"Former EPA Administrator Scott Pruitt and other top agency officials were closely involved with reviving a private equity-owned oil refinery that went bankrupt last year and is now shutting down after a fiery explosion last week."
"The Trump administration has enlisted the help of two private fireworks firms to put on an extended pyrotechnics display as part of the president’s overhaul of the nation’s Independence Day celebration on the Mall."