Peabody strikes deal with New York attorney general over climate risk filings

Coal mining company denies issuing misleading statements but agrees to amend future risk reports, following eight-year investigation, reports Business Green

Coal giant Peabody Energy has agreed to change the way it reports the risks posed to investors by climate change, ending an eight-year investigation by the New York attorney general.

Peabody and attorney general Eric Schneiderman confirmed they had reached an agreement on Monday, after the company was accused of issuing misleading statements on the risks it could face from tightening climate change laws.