St. Louis-based coal company Peabody Energy (NYSE: BTU) has seen its stock price plummet since 2011, but that has not stopped the company from spending big dollars on lobbyists to work over politicians and government officials in Washington, DC.
When it comes to climate denier coal executives, there is none more outspoken than Peabody Energy CEO Greg Boyce, who recently reiterated his belief that climate change is, "an environmental crisis predicted by flawed computer models."
Boyce made the "flawed" comment in the roll-out of Peabody's "five point plan" — which is more a grumpy rejoinder to a world keen on replacing coal with renewable energy, than an actual plan.
This article is co-authored by Kert Davies at the Climate Investigations Center.
Peabody Energy (NYSE: BTU), as their website exclaims in big bold letters, is the "World's Largest Private Sector Coal Company", with 130 years of experience building big shovels and sending men into mines to chip out black rocks and put them on trains.
There’s a new front line in the battle to prevent catastrophic climate change.
Companies like Arch, Ambre, and Peabody want to ship the coal buried under the United States to Asia, releasing disastrous amounts of carbon pollution, just to line their own pockets. This expansion in US coal exports could release more carbon pollution than any other new fossil fuel project in the United States, according to a new report Greenpeace released today.
Coal companies are bound and determined to get that dirty black rock out of the Powder River Basin and send it over to Asian markets to line their pockets. While the EPA is pressing for stricter regulations on coal plants and the anti-coal movement stops new coal fired power plants from being built and existing coal plants from having their lives extended, coal companies like Arch Coal, Ambre Energy and Peabody Energy are looking at Japan, China and India for new markets.
The terminal will be used to upload Powder River Basin coal to barges to be shipped down river to Longview, WA. In Longview, the coal will be sent to Asian markets for combustion.
If you thought the application to expand a coal-fired electricity plant in Kansas was dead, think again.
Big Coal and their political allies in the Kansas State legislature have introduced a slick new Bill that if passed will make it very difficult for the massive Sunflower Electric coal plant expansion to not go ahead.