By Steve Rhodes
“The Illinois attorney general has asked Peabody Energy in a letter to explain how it would cover $92 million in future cleanup costs in the state if the company sought bankruptcy protection,” Reuters reports.
“Peabody, the country’s largest coal producer, said in a regulatory filing last week that it may have to seek bankruptcy protection, citing poor economies in countries that import coal and other factors weighing on the coal industry.”
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Madigan is right to question Peabody. From the Beachwood vault:
Posted on March 22, 2016

