Coal
Peabody Reaches Deal With Regulators On Outstanding Reclamation Obligations
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Peabody Energy has reached a deal with regulators in several states over its outstanding cleanup obligations.
Inside Energy (https://insideenergy.org/author/stephanie-joyce/)
Peabody Energy has reached a deal with regulators in several states over its outstanding cleanup obligations.
As Alpha Natural Resources looks to emerge from bankruptcy, the government is opposing the company’s plan to transfer its federal coal leases to a new company. The Department of Justice argues Alpha’s current reorganization plan doesn’t adequately address the company’s cleanup obligations.
A bankruptcy judge has given Alpha Natural Resources approval to move its restructuring plan to a vote, over the objections of the federal government.
Arch Coal has filed its initial plan for how it hopes to emerge from bankruptcy, but doesn’t contain many details when it comes to reclamation and worker benefits.
Recent coal company bankruptcies pose a significant risk to taxpayers, the Secretary of the Interior told a U.S. Senate committee Tuesday.