Peabody Energy

Australia Appoints “Mr Coal” As New Climate Change Minister

Australia’s new climate change minister is an MP once dubbed “Mr Coal” who believes the climate polluting fossil fuel is the secret to lifting the world's poorest countries out of poverty.

Re-elected conservative Prime Minister Malcolm Turnbull has put Liberal Party MP Josh Frydenberg, the former resources minister, in charge of the country’s climate policy.

Frydenberg replaces MP Greg Hunt who, as environment and climate change minister, was responsible for approving the largest coal mine in Australian history — the giant Adani Carmichael mine in the country’s Galilee Basin.

Senators Launch Resolution, Speech Blitz Calling Out #WebOfDenial Blocking Climate Action

On Monday and Tuesday this week, at least 19 U.S. Senators who understand the need to clear the PR pollution that continues to block overdue climate policy action will speak out on the Senate floor in support of the Senate Web of Denial Resolution calling out the destructive forces of fossil fuel industry-funded climate denial.

Championed by Senators Whitehouse, Markey, Schatz, Boxer, Merkley, Warren, Sanders, and Franken, the resolution condemns what they are calling the #WebOfDenial — “interconnected groups – funded by the Koch brothers, major fossil fuel companies like ExxonMobil and Peabody Coal, identity-scrubbing groups like Donors Trust and Donors Capital, and their allies – developed and executed a massive campaign to deceive the public about climate change to halt climate action and protect their bottom lines.”

Joined in the House of Representatives by Congressman Ted Lieu (D- CA), these champions for climate action and accountability in the Senate are calling out the use of think tanks and denier-for-hire front groups to create doubt about climate science. Read the resolution [PDF].

Bankrupt Coal Miner Peabody Energy Paid Climate Denialist Craig Idso To Write Greenhouse Gas Reports

A research center that has produced scores of reports dismissing the dangers of human-caused climate change was being paid by coal company Peabody Energy to produce reports about its greenhouse gas emissions.

The Center for the Study of Carbon Dioxide and Global Change (CSCDGC) is revealed as having historical financial ties to Peabody in the coal company’s bankruptcy papers.

A DeSmog investigation has also uncovered undisclosed financial links between the center, run by veteran climate science denialist Craig Idso, and another contrarian group, the Science and Public Policy Institute.

Peabody Energy was revealed as a funder of a web of groups and organisations that have worked to spread doubt over human-caused climate change while fighting rules to cut greenhouse gas emissions.

Dr Idso, the chairman and founder of CSCDGC, has written many reports claiming that extra carbon dioxide is a benefit to the planet, while ignoring or downplaying the many negatives.

Broken Records Define The Climate Crisis

We’re living in a time of records. More renewable energy came on stream in 2015 than ever — 147 gigawatts, equal to Africa’s entire generating capacity — and investment in the sector broke records worldwide. Costs for producing solar and wind power have hit record lows. Portugal obtained all its electricity from renewable sources for four straight days in May — the longest achieved by any country — and Germany was able to meet 90 per cent of its electricity needs with renewable power for a brief period. Clean energy employment and job growth now outpace the fossil fuel industry by a wide margin.

That’s just a portion of the good news. Oil prices have fallen so low that some more damaging activities are becoming unprofitable, a record number of coal companies are going bankrupt or filing for bankruptcy, and fewer coal mines are operating in the U.S.

Canadian Climate Denial Group, Friends of Science, Named as Creditor in Coal Giant's Bankruptcy Files

By Charles Mandel for the National Observer.

A Canadian climate change denial group has popped up in a U.S. coal giant's bankruptcy proceedings that have lifted the curtain on the funding of a sophisticated continent-wide marketing campaign designed to fool the public about how human activity is contributing to global warming.

document, nearly 1,000 pages long, lists the Calgary-based Friends of Science Society as one of the creditors expecting to get money from the once-mighty coal company, Peabody Energy.

Climate scientists and environmentalists have long suspected that the so-called “Friends” group was a front for fossil fuel companies trying to block government action to reduce carbon pollution, but Friends of Science members always declined to reveal their source of funding.

Court Documents Show Coal Giant Peabody Energy Funded Dozens Of Climate Denial Groups

According to a new analysis by The Guardian, Peabody Energy, the U.S.’s largest coal mining company, has been funding dozens of different climate change-denying organizations for years.

The analysis is based on recently released court documents that came to light as a result of the company’s bankruptcy filings. In April, Peabody filed for bankruptcy as the global demand for coal continued to plummet.

DeSmog readers will recognize many names revealed to have received funding from Peabody, including climate deniers Willie Soon, Richard Lindzen, Roy Spencer and Richard Berman. All three of these men have gained notoriety from the fossil fuel industry for publishing works and promoting the idea that climate change is just part of natural “warming and cooling” cycles that the earth goes through.

Then there are the familiar front groups revealed: Americans for Prosperity, American Legislative Exchange Council, CFACT, Institute for Energy ResearchState Policy Network, the U.S. Chamber of Commerce and dozens more.

From The Guardian report:

These groups collectively are the heart and soul of climate denial,” said Kert Davies, founder of the Climate Investigation Center, who has spent 20 years tracking funding for climate denial. “It’s the broadest list I have seen of one company funding so many nodes in the denial machine.”

Peabody's Outlier Gang Couldn't Shoot Straight In Minnesota Carbon Case, Judge Rebuffs Happer, Lindzen, Spencer, Mendelsohn, Bezdek

Peabody's Outlier Gang Couldn't Shoot Straight In Minnesota Carbon Case, Judge Rebuffs Happer, Lindzen, Spencer, Mendelsohn, Bezdek

Overview
On 04/13/15, Peabody Energy followed other major coal companies into bankruptcy, and days later lost a battle in a landmark legal war on Minnesota's Social Cost of Carbon (SCC).  The “best” gang1 of climate denial outliers they could hire tried to confuse the court with absurd claims in both science and economics. The Judge was not fooled, and ruled unambiguously, as reported by Bloomberg BNAUniversity of Minnesota Consortium on Law and Values and MPRNEWS:
Updated climate change costs make coal-fired power less attractive:

“Other People’s Money” – Trump University and Coal Exports

This is a guest post by Ross Macfarlane, recently Senior Advisor with Climate Solutions

Recently unsealed court documents reveal the money-making secret at the heart of Trump University. The managers even had an acronym for it: OPM, standing for “Other People’s Money.”  As reported in People Magazine:

Playbooks used to market Donald Trump's now-defunct Trump University were unsealed by court order on Tuesday, showing that the training program's aggressive sales force promised would-be students they would learn “the technique of using OPM … other people's money.”

While the instructors claimed to be teaching people how to leverage banks to make fortunes in real estate, former Trump University executives now disclose that the OPM they were really targeting was in their students’ pockets.  According to these managers, their business plan focused on mining the credit card balances and savings accounts of gullible and desperate clients, often elderly and poor, who fell for the slick sales pitch and the promise of a quick solution for their financial challenges. 

So what does Trump University have to do with coal exports?

Peabody Energy Bankruptcy Claim Must Put Lands, Water and People Above Executives and Bankers, Say Protesters

One week ago, Peabody Energy cried uncle.

The world’s largest privately-owned coal producer filed for Chapter 11 bankruptcy protection, following Arch Coal, Alpha Natural Resources, and Patriot Coal in begging the United States Bankruptcy Courts for mercy.

It would be easy for climate advocates to cheer the occasion as yet another signpost along the hard-fought road to a carbon-free future. But, unfortunately for many involved, Peabody’s bankruptcy could leave many vulnerable parties—from coal workers to Navajo tribes to students in St. Louis— suffering further.

Which is why activists from impacted communities gathered on Tuesday in St. Louis, home of Peabody’s headquarters, to demand that a “Just Transition Fund” is endowed as part of the bankruptcy proceedings before the “golden parachutes” are given out to reckless executives and the loans are repaid to the reckless banks that kept funding Peabody’s speculation.

Peabody Coal's Bankruptcy: Invisible Hand Pushes Peabody Under

This is a guest post by ClimateDenierRoundup crossposted from Daily Kos.
 

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