murray energy

Tue, 2014-09-23 05:00Steve Horn
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Peabody Energy Booted From S&P 500, King Coal on the Defensive as Market Signals Industry Decline

King Coal and industry multinational Peabody Energy (BTU) have taken a beating in the markets lately, and it has some executives in the dirty energy industry freaking out

On September 19, Dow Jones removed Peabody Energy from its S&P 500 index, considered a list of the premier U.S. stocks for investors. The St. Louis Post-Dispatch cited the downward trajectory of the company's market capitalization as the rationale behind the ouster of Peabody from the S&P 500 index. Peabody will now join the JV leagues in the S&P MidCap 400.

Peabody's downfall symbolizes ongoing market trends within the coal industry overall.

“The total market value of publicly traded U.S. coal companies has rebounded slightly in recent months, but remains nearly 63% lower than a total of the same companies at a near-term coal market peak in April 2011,” explained SNL Energy in April. 

“A perfect storm of factors, including new federal regulations impacting coal-burning power plants, cheap competing fuels, railroad service issues and weak global markets has kept pressure on a number of coal operators since the industry's 2011 near-term peak.”

A new study published this week by the Carbon Tracker Initiative — best known for its work accounting for a “carbon budget” and unburnable carbon — raises further questions about the future of coal's global market hegemony. It's another blow to the coal industry as the United Nations convenes this week's Climate Summit in New York City to discuss climate disruption, in no small part driven by antiquated coal-fired power plants.

Thu, 2014-09-04 11:51Connor Gibson
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Heartland's Jay Lehr calls EPA "Fraudulent," Despite Defrauding EPA and Going to Jail

Crossposted from PolluterWatch blog on Jay Lehr.

If you're John Stossel and you want to host a segment to rail against the US Environmental Protection Agency, who ought you call?

It turns out, a man who was convicted and sentenced to six months in prison for defrauding the EPA!

Stossel's guest last night, Jay Lehr, was sentenced to six months–serving three–in a minimum security federal prison back in 1991, and his organization at the time was fined $200,000. So Jay Lehr knows about EPA corruption better than anyone: he was the guy caught “falsifying employee time sheets on a government contract” for EPA, according to the Columbus Dispatch.

Tue, 2012-10-09 11:32Farron Cousins
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Are Coal Mine Employees Forced To Support Romney?

According to a Federal Election Commission complaint filed by the Democratic Party of Ohio, employees for coal mining company Murray Energy have been coerced by their bosses into not only voting Republican, but also helping to fund Mitt Romney’s presidential campaign.

From Eric Dolan of Raw Story:

Two Murray Energy managerial sources told The New Republic that the company pressures employees into giving money to the Murray Energy political action committee (PAC) and to Republican candidates. In addition, internal documents revealed that the company tracks which employees are and are not making contributions. Employees of the company allegedly fear that if they do not make the political contributions and attend fundraisers, they will face repercussions including demotions and being refused bonuses.

This is the second time that a FEC complaint has been filed against Murray Energy.  The first occurred last month when Progress Ohio filed a complaint against Murray for allegedly forcing employees to attend a Romney rally in August of this year.

Thu, 2007-03-22 12:04Jim Hoggan
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James Inhofe: The Senator for Oil and Gas

James Inhofe, former chair of the Senate Committee on the Environment and Public Works and the leading Republican climate change denier recieved more in donations from the oil and gas sector than any other Senator, in the 2002 election cycle. According to the latest available election financing data, in the last five years Inhofe has received just over $3.4 million in donations from 20 industry sectors - almost $1 million (29%) is from the Energy/Natural Resources Sector and their respective PACS.

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