Posts Tagged ‘bankruptcy’
Coal hauling through the Monongahela National Forest has ceased… for now.
Our collective efforts to defend the Monongahela National Forest and the Cherry River from the abuses of South Fork Coal Company are having an impact.
Read MoreSouth Fork Coal says it will liquidate rather than restructure in bankruptcy filing
White Forest Resources, the parent company of South Fork Coal Company, announced that its bankruptcy would end in liquidation rather than restructuring. South Fork Coal has a history of more than 140 environmental violations at its mining complex near Richwood, West Virginia.
Read MoreBankruptcy Proposal Would Dodge Mine Cleanup Laws
As the Blackjewel bankruptcy continues, the responsibility to reclaim mine sites and workers’ compensation for past medical bills are still major issues.
Read MoreBond 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.
Read MoreBlackjewel’s black lung problem
Bankrupt coal company Blackjewel owes nearly $10 million in taxes to the fund that provides benefits to miners with black lung disease whose employer has gone bankrupt.
Read MoreBlackjewel’s bankruptcy looks like bad news for workers and mine cleanup
Appalachia’s latest coal bankruptcy looks different than others — mines shut down immediately and paychecks were clawed back from employees’ bank accounts. We take a look at what the Blackjewel and Revelation Energy bankruptcy could mean for mine land reclamation.
Read MoreCentral Appalachia’s newest coal boss facing bankruptcies
Virginia businessman Tom Clarke’s foray into the coal industry initially looked promising for addressing environmental and community problems. Now, however, his business model is looking questionable.
Read MoreReport calls for improvements to coal mine bonding in Central Appalachia
The Alliance for Appalachia, a coalition of 15 organizations, today released a report on the state of surface coal mine bonding in four Central Appalachian states. Bonds are used to ensure reclamation of mine sites should a company be unable to finish reclamation. The report details the bonding programs in West Virginia, Virginia, Kentucky and…
Read MoreMajor Coal Companies File for Bankruptcy
Both Arch Coal and Alpha Natural Resources are undergoing bankruptcy. Alpha was allowed to issue nearly $12 million in executive bonuses, even while it tries to avoid paying some retirees’ life insurance and health benefits.
Read MoreDo bankrupt coal company executives really deserve bonuses?
Witnessing the one-sidedness of coal bankruptcies in Appalachia and their aftershocks goes to show who has a voice and whose voices the system values. Take Alpha Natural Resources, which recently received approval to pay its executives millions in bonuses despite not having made a profit since 2011.
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