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When Coal Companies Go Bankrupt, Who Cleans Up the Mess?

Blackjewel and Revelation Energy’s July bankruptcy announcement is the latest in a long string of bankruptcies plaguing the coal industry. But this bankruptcy is different, and the troubles it brings could be a sign of more problems to come.

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Bond forfeitures begin on bankrupt Blackjewel and Revelation mine permits

An unreclaimed coal mine has sent mud and debris onto a neighboring property. The mine is one of five Virginia permits owned by bankrupt Revelation Energy and Blackjewel that are now facing bond forfeiture, which means the state or the mines’ insurance companies could take over the cleanup.

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