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Peabody Energy Bankruptcy: Shifting Energy Market Cannot Be Ignored

Eric Shew News

Peabody is left with holdings in both the US and Australia with mounting costs and no potential buyers SEATTLE, WA – In the latest setback for the global coal industry, Peabody Energy, Inc., the world’s largest private-sector coal company, announced today that it has filed for bankruptcy. A sustained downturn in both domestic and international coal markets had left the …

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Coal Export Plans Spiral Further As Arch Coal Withdraws Plan for Largest Strip Mine in Country

Eric Shew News

Photo: Dustin Bleizeffer/WyoFile Longview coal terminal plans more dire with Longview, WA — Arch Coal, Inc. has asked Montana Department of Environmental Quality to suspend all work on their permit application for the Otter Creek Mine, and is closing their Otter Creek Coal offices.  Arch Coal’s announcement follows the company declaring bankruptcy in January.  Arch Coal owns a 38% interest …

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With coal prices in steep slide, even once bullish analyst sees risky investment

Eric Shew News

By Lynda V. Mapes , Hal Bernton Seattle Times reporters Coal-export terminals proposed at Cherry Point in Whatcom County and in Longview, Cowlitz County, are irrelevant because Asian coal markets are so weak, according to an industry analyst who has offered some of the industry’s most bullish forecasts. Asian coal markets are so weak that two export terminals proposed for Washington once …

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Statement on President Obama and Secretary Sally Jewell’s Moratorium on Coal Leases on Federal Lands

Natalie Jamerson News

Statement from Beth Doglio, Co-Director of the Power Past Coal coalition, on President Obama and Secretary Sally Jewell’s moratorium on coal leases on federal lands Contact: Kimberly Larson, 206-388-8674 “On the heels of collective climate action in Paris and Arch Coal declaring bankruptcy, this moratorium is yet more writing on the wall that it’s time to get off coal once and …

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Arch Coal Bankruptcy: The End of an Era

Eric Shew News

Longview, WA – Arch Coal, Inc., the second largest coal supplier in the United States, announced today that it would be filing for bankruptcy protection after suffering several quarters of losses and being unable to restructure its debt. The company has been a major player in coal regions across the U.S., including Appalachia and the Powder River Basin. In the …

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Study finds coal trains emit nearly twice the pollution as freight trains

Natalie Jamerson News

UW study in the Columbia River Gorge also finds 1 in 20 coal trains is a “superduster” November 23, 2015: Coal trains emit nearly double the amount of pollution compared to freight trains, according to a report released by the University of Washington today. The results of the study confirm what Gorge landowners, tribal fishers, and recreationists have observed firsthand …

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POLLING: Strong Majority of Washington Voters Oppose Coal Export Proposals

Becca Shew News

Results confirm significant increase in statewide opposition as regional ad campaign begins. LONGVIEW, Wash.–A broad majority of Washington voters across the political spectrum opposes proposals to ship coal by rail for export overseas, according to new results from a telephone survey of 1,200 voters. Significantly, opposition has grown by 18 percent since 2012, and 40 percent strongly oppose the proposals—far …

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Amid protests, Montana, Wyoming delegation visits Longview coal dock

Natalie Jamerson News

Two competing messages clashed in Longview on Monday: One said a proposed $643 million coal terminal is a way to inject 135 family-wage jobs into a struggling local economy and reduce Asian reliance on “dirty coal.” Another warned the coal terminal is a risky project that would clog rail traffic, introduce new health hazards and worsen climate change. Amid protests, …

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Is Arch Coal Inc On The Verge Of Chapter 11 Bankruptcy?

Eric Shew News

With many coal mining companies seeking for Chapter 11 bankruptcy, Arch Coal may also join the list considering its current debt and coal market conditions The fall in coal prices has caused many mining companies including Walter Energy, Inc. (OTCMKTS:WLTGQ), Alpha Natural Resources, Inc. (OTCMKTS:ANRZQ), Patriot Coal Corporation (OTCMKTS:PCXCQ) and others to file for chapter 11 bankruptcy. Analysts expect that …

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Northern Cheyenne officials reject coal railroad plans

Eric Shew News

The Northern Cheyenne Tribal Council voiced unanimous opposition Monday to the controversial Tongue River Railroad, considered crucial to developing Otter Creek coal in southeast Montana. The council, citing concerns about damage to tribal culture and the environment, voted 9-0 to oppose the $403 million railroad proposed by partners Burlington Northern Santa Fe, Arch Coal, and candy bar magnate Forrest Mars, …