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Investors Have Lost Their Shirts on Peabody; Now Taxpayers Are in the Line of Fire

The Problems Created by a Global Coal Giant Have Become a Public Concern

The U.S. coal sector is in financial distress, a fact that’s been apparent for some time now and is made more evident with this week’s second-quarter earnings report from Peabody Energy. Peabody continues to tank for the main reasons many other major coal producers continue to tank: It made too many top-of-the-cycle, multibillion-dollar debt-funded acquisitions […]

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In Puerto Rico, AES Corp. Gets Away With a Coal-Ash Mess That Wouldn’t be Tolerated in the States

In Puerto Rico, AES Corp. Gets Away With a Coal-Ash Mess That Wouldn’t be Tolerated in the States

Power Plant Dust Blows Through Dozens of Communities

Sometimes I wonder if the peculiar political status of Puerto Rico results in especially bad behavior by some of the outside corporations that do business here. Take AES Corp, a Fortune 500 company that promotes itself as a benevolent leader in the global power-generation industry. AES, which is based in Arlington, Va., just across the […]

Coal Industry Talking Points: Blame Somebody Else

Coal Industry Talking Points: Blame Somebody Else

Yancoal Australia Is a Prime Example of Irresponsible Leadership; Investors, Employees and Taxpayers Are the Ones Who Have a Right to Complain

Yancoal Australia’s recent spin on its announcement around 225 job cuts at its Hunter Valley operations in New South Wales is a searing case in point of a big pure-play coal company blaming somebody else for its troubles. The company’s chief executive, Reinhold Schmidt, went on a rant last week in which he said that […]

July 28, 2015 Read More →
More Headline Risk Around Alberta’s Oil-Sands Industry

More Headline Risk Around Alberta’s Oil-Sands Industry

Questions Multiply on Future of Canadian Projects

July hasn’t been a very good media month for Alberta’s oil-sands industry, and not just because of all the coverage given the fifth anniversary of the Enbridge Inc. spill in the Kalamazoo River of northern Michigan. The Wall Street Journal had a one-two oil-sands punch with separate articles on the same day last week, one […]

July 27, 2015 Read More →
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