coal company bankruptcy

Colorado-based Westmoreland Coal Co. on October 9 said it had filed for Chapter 11 bankruptcy, with the company reporting more than $1.4 billion in debt. The company in its annual financial report in April of this year said it was considering bankruptcy in an effort to protect it from creditors. Westmoreland, which has operated for […]

Despite media headlines and coal industry hand-wringing, reports of coal’s death have been greatly exaggerated, to adapt Mark Twain’s famous (but misquoted) comment. What’s more, some of the coal sector’s current suffering is the consequence of self-inflicted wounds. Throughout the dog days of summer, the financial pages in dozens of U.S. newspapers have run headlines […]