World’s largest coal producer files for bankruptcy protection

By The Guardian – April 13, 2016

Peabody Energy, the world’s largest privately owned coal producer, has filed for bankruptcy protection in the US following a collapse in commodity prices.

The move was blamed by financial analysts partly on a mistimed and debt-fuelled expansion into Australia, but others saw it as a sign that the most carbon-intensive fossil fuel was threatened by tightening environmental regulation.

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