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Bonuses Paid Coal Executives While Rank-and-File Gets Health Benefits Cut

Bonuses Paid Coal Executives While Rank-and-File Gets Health Benefits Cut

A federal judge has given Peabody the Okay to do pay its coal executives about $3 million in bonuses to see them through the bankruptcy process. A different federal judge previously rule Alpha could do the same. Sound unfair?

oil pumps

Linc Energy Files for Bankruptcy

Oil and gas company Linc Energy’s 11 US subsidiaries have filed for Chapter 11 bankruptcy protection in Houston. The companies listed total assets of $50 million to $100 million and liabilities of $100 million to $500 million. The Brisbane, Australia-based company has US oil and gas operations in Alaska, Texas, … Read more »

solar panels

Why SunEdison’s Bankruptcy Doesn’t Throw Shade on Solar

SunEdison filed for bankruptcy yesterday, following a buying spree that sunk the renewable energy company deep into debt. In its Chapter 11 filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion, making it the biggest US bankruptcy in more than a year, Bloomberg reports. … Read more »

Peabody Energy

World’s Largest Coal Company Declares Bankruptcy

Peabody Energy, the world’s largest privately owned coal company, filed for US bankruptcy protection today. The company cited “unprecedented” factors for its financial woes, including low coal prices, a weak Chinese economy, “overproduction of domestic shale gas and ongoing regulatory challenges.” Peabody says it will continue to operate its Australian … Read more »

Arch Coal

Arch Coal Files for Bankruptcy

Major US coal producer Arch Coal filed for Chapter 11 bankruptcy protection today. Arch Coal says it expects its mining operations and customer shipments to continue uninterrupted throughout the reorganization. The company says the restructuring agreement with lenders will eliminate more than $4.5 billion in debt from its balance sheet … Read more »


Coal Giant Files for Bankruptcy

One of the largest coal suppliers in the US, Alpha Natural Resources, filed for Chapter 11 bankruptcy protection on Monday just hours before the EPA announced its final version of the Clean Power Plan, which sets strict carbon emission limits for coal-fired power plants. Alpha Natural Resources says the bankruptcy … Read more »

Chemical Spill Company Files for Bankruptcy

Freedom Industries, the company responsible for the chemical spill in West Virginia earlier this month that left more than 300,000 residents and many businesses without drinkable tap water, has filed for Chapter 11 bankruptcy, the New York Times reports. The spill of 4-methylcyclohexane methanol, a chemical used in the coal … Read more »

Fisker Karma

Fisker Files Bankruptcy, DOE Loses $139M

Fisker Automotive has filed for bankruptcy protection and the Department of Energy sold its loan to a Hong Kong-based investor for $25 million, losing some $139 million in the deal. The DOE will have recovered a total of $53 million from the original $192 disbursed. Hybrid Technology Holdings, led by … Read more »

Ecotality logo

More Ecotality Woes: Charging Stations Cut Power

Some electric vehicle drivers will spend twice as long to charge their cars using Blink Level 2 charging stations, after owner Ecotality cut the power level on 12,000 chargers in response to a technical glitch. The change will affect cars that can pull more than 16 amps, Plug In Cars reports. … Read more »

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