Energy & Fuel

"Bankruptcy Expected for Arch Coal, a Reflection of Industry Woes"

"Arch Coal, the nation's second largest coal company, this week told the Securities and  Exchange Commission that it may join other coal companies in filing for bankruptcy. The company said it may have to seek Chapter 11 relief because of 'extremely challenging current market conditions.'  The company, which is burdened by $5 billion in debt, said it did not see an upturn in sight."

Source: High Country News, 11/11/2015

"The Hole in Obama's Pipeline Safety Plan"

"After a ruptured oil pipeline went undiscovered for 17 hours, spilling 800,000 gallons of heavy oil into Michigan's Kalamazoo River in 2010, Congress ordered an audit that laid bare the industry's lackluster record of spotting leaks. But after five years of work, the Obama administration has proposed a regulatory overhaul that fails to patch that hole in the nation’s pipeline safety net — a revelation that has been largely ignored amid Washington's obsession with the Keystone XL pipeline."

Source: Politico, 11/10/2015

"Peabody Energy Agrees to Greater Disclosures of Financial Risks"

"Peabody Energy, the world’s biggest private coal company, has agreed to make more robust disclosures to its investors about the financial risks it faces from future government policies and regulations related to climate change and other environmental issues that could reduce demand for its product."

Source: NY Times, 11/09/2015

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