Peabody Energy's collapse does not mark the end of an era for coal
by Terry Macalister Energy editor from on (#1AC39)
World's biggest privately owned coal company was caught out by slump in prices but the fuel remains popular in Asia
The collapse of the biggest privately owned coal company in the world is a significant event. But it is not the end of the coal era, however much those of us who value the planet might like to see that.
Peabody Energy has been felled predominantly by a 75% slump in coal prices rather than tightening environmental regulation, though it will emerge out of bankruptcy protection to a world where coal will never again be king.
Related: World's largest coal producer files for bankruptcy protection
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