Peabody Energy

Peabody Energy 'Experts' Sow Doubt About Reality of Climate Change

According to publicly available court records, US coal company Peabody Energy recently submitted expert testimony to the Minnesota Public Utilities commission arguing that, CO2 is not harmful and is actually good for the planet” and that “there is no empirical scientific evidence for significant climate effects of rising CO2 levels, and there is no convincing evidence that anthropogenic global warming (AGW) will produce catastrophic climate changes.”

These statements and many more were included in “expert” presentations made to the Minnesota Public Utilities commission in June of this year by Roy Spencer and Roger Bezdek, who were both testifying on behalf of Peabody Energy.

The hearings were conducted by the Minnesota Public Utilities Commission which is investigating the environmental and socioeconomic costs of carbon and greenhouse gases.

Roger Bezdek, an economist and president of a consulting firm called Management Information Services, Inc, offered testimony on behalf of Peabody Energy on June 1, 2015.

Top US Environmental Group Calls Out Matt Ridley’s Climate Denial

It seems Viscount Matt Ridley is gaining international recognition for his climate denial as US environmental advocacy group the Natural Resources Defence Council (NRDC) calls into question his “rational optimism”.

Labelling the coal mine owner “England’s most prominent global warming sceptic,” Brian Palmer of the NRDC’s onEarth magazine writes: “Ridley is one of the most capable spokesmen for climate change denial 2.0.”

With the highest respect for what Ridley has accomplished in a distinguished career, I believe his position amounts to climate change denial on stilts,” Palmer argues. “Ridley’s view is akin to an alcoholic saying he’s not in denial about his problem because he fully acknowledges that he sometimes drinks a beer. Denying the severity of a problem is to deny the problem itself.”

Coal Baron Matt Ridley is Top Source in Peabody Climate Report to the White House

British climate denier and coal baron Matt Ridley is the most cited individual in coal giant Peabody Energy’s official submission to the White House addressing the company’s concerns regarding new policies proposed by the US Government around greenhouse gas emissions and climate change.

The 71-page document on the government’s National Environmental Policy Act, uncovered by DeSmogBlog, declares that greenhouse gases are a “non-existent harm”. Ridley’s opinion articles, such as one professing “fossil fuels will save the world” published in the Wall Street Journal, form much of the basis for the coal company’s arguments submitted in March.

Ridley writes frequently in the Wall Street Journal and the Times promoting fossil fuels, while at the same time earning considerable wealth from coal mining. The peer’s Blagdon Estate, north of Newcastle, covers a significant part of two opencast mines.

Peabody Energy to White House: Greenhouse Gas a 'Non-Existent Harm'

In an official submission to the White House earlier this year, U.S. coal giant Peabody Energy claims that greenhouse gas is a “non-existent harm” and a “benign gas that is essential to all life.”

The March 2015 submission from Peabody further claims that “while the benefits of carbon dioxide are proven, the alleged risks of climate change are contrary to observed data, are based on admitted speculation, and lack adequate scientific basis.”

Experts Confirm Coal Industry’s “Global Poverty” Campaign Is Bogus

When Peabody Energy isn't busy trying to have the lyrics of a folk song struck from the evidentiary record in a Wyoming lawsuit, the company is aggressively pushing fossil fuels like coal — conveniently, Peabody’s main product — as a solution to global poverty.

As Media Matters has thoroughly documented, however, experts say that not only are renewable energy and mini-grids a far better solution to uplift the world’s poor than centralized production of fossil fuel electricity, but also renewables are more affordable and impose a far lower social cost, to boot.

In Last Ditch Effort, Coal Industry Picks ‘Worst Idea Ever’ With Argument That Coal Ends Poverty

The coal industry is facing hard times as it tries to battle against a growing demand for climate action and clean energy.

Cheaper and cheaper renewables along with the increasingly successful fossil fuel divestment campaign (which largely targets coal for being the dirtiest of all the fossil fuels) means the industry has had to reimagine itself.

A Bad Week For Coal Mining Industry, Even Worse for Peabody Energy

It's been a really bad week for major U.S. coal companies as we head into the July 4th holiday weekend. 

St. Louis-based Peabody Energy (NYSE: BTU) closed today at $1.87 a share, down from a high of $84 per share in mid-2008. The company's chief financial officer Michael C. Crews resigned abruptly on June 28 amidst the freefall.

Another major U.S. coal company, Alpha Natural Resources (NYSE: ANR) hit a new all-time low yesterday at just 27 cents per share, and sank as low as 24 cents that morning.

Arch Coal (NYSE: ACI) also hit its all-time low of 33 cents per share as well, down from its all-time high of $73.42 in 2008.

All three companies' 
stock values are down roughly 80% from the beginning of 2015.

Dirty Money vs. Clean Power: How the Fossil Fuel Industry Hopes to Kill EPA’s Climate Rule

This is a guest post by Patrick Parenteau, Professor of Law, Vermont Law School

The fossil fuel industry is pulling out all the stops in an effort to derail President Obama’s Clean Power Plan being developed by the Environmental Protection Agency under the Clean Air Act.

The proposed plan, which aims to cut carbon emissions by 30% below 2005 levels by 2030, is due to be published as a final rule this summer. Launching a preemptive strike, the coal industry filed suit earlier this year seeking an “extraordinary writ” to stop the rulemaking in its tracks. This would be an unprecedented act of judicial intervention.

Peabody Energy's Insincere 'Energy Poverty' Campaign Takes Major Hit

Two stories out late last week in the Guardian will seriously test the resolve of Peabody Energy's “Advanced Energy for Life” campaign.

The first Guardian article's title says it all: “Exclusive - Energy giant exploited Ebola crisis for corporate gain, say health experts.”


Power for All Shows Peabody a Real Plan to End Energy Poverty

Peabody Energy would like you to believe that coal is the only way to light up the homes of the roughly 1.1 billion who still live in energy poverty.

A new campaign launched Thursday at the United Nations’ Sustainable Energy For All Forum in New York City offers a much different solution. Clean, distributed energy sources, argue the groups behind Power for All, can eliminate energy poverty more quickly and for a fraction of the cost of centralized electric grids anchored by fossil fuels. And, of course, without poisoning the air of communities and lining the atmosphere with even more greenhouse gases.


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