In Peabody’s Hometown, Calls for a ‘Societal Shift’

first_imgIn Peabody’s Hometown, Calls for a ‘Societal Shift’ FacebookTwitterLinkedInEmailPrint分享Jacob Barker for the St. Louis Post-Dispatch:Speakers urged a societal shift away from coal because of air pollution and its high carbon emissions and global warming potential. Others worried a bankrupt Peabody might walk away from mine cleanup costs.The protest was coordinated by Missourians Organizing for Reform and Empowerment, or MORE, which has targeted Peabody over the years. It was meant to “send a message” to the bankruptcy judge to keep the miner from shedding mine cleanup obligations in court, said Jeff Ordower, a MORE organizer.The bankruptcies of Peabody and other large coal companies, including Creve Coeur-based Arch Coal, have drawn attention to the companies’ practice of guaranteeing many mine cleanups with their own assets rather than insurance.Arch Coal has received bankruptcy court approval to pledge $75 million for self-bonding liabilities exceeding $450 million. Peabody has roughly $1.5 billion in self-bonding cleanup liabilities.Even in bankruptcy, Peabody draws coal protesterslast_img

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