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Channel: Utility trends – Institute for Energy Economics & Financial Analysis
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Peabody warns of possible second bankruptcy in five years as coal industry declines

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S&P Global Market Intelligence ($): The world’s largest private coal company Peabody Energy Corp. said it is in danger of its second bankruptcy filing in five years on the back of poor performance and worsening market conditions amid the coronavirus pandemic. There is “substantial doubt” the company will be able to meet its outstanding obligations […]

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