Posts Tagged ‘coal bankruptcy’
Bankruptcies Shake Coal Industry
Murray Energy filed for bankruptcy in October, the latest of eight coal bankruptcies in 2019. Legal disputes regarding the summer Blackjewel bankruptcy continue.
Read MoreBills Support Miners’ Pensions, Black Lung Benefits
A Senate bill would help fund miners’ pensions, including those affected by recent bankruptcies. In the House, a bill would re-instate a historic tax on coal companies to fund healthcare for miners with black lung disease.
Read MoreWhen 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.
Read MoreWorkers Push for Pay After Bankruptcy
After Blackjewel and Revelation Energy declared bankruptcy in July, the companies retroactively withdrew paychecks from their former employees’ bank accounts, triggering a nearly two-month long protest and several court battles.
Read MoreBankruptcies Highlight Concerns with Black Lung Benefits Fund
Coal company bankruptcies are putting the federal Black Lung Disability Trust Fund in further jeopardy.
Read MoreCitizen scientists uncover water quality violations in Kentucky national forest
Citizen scientists discovered that acid mine drainage is causing a creek in Kentucky’s Daniel Boone National Forest to flow a bright orange, and they spurred state regulators to issue citations to the mine operators. But mining company Revelation Energy is in bankruptcy, which leaves big questions about who will clean up the mess — and when.
Read MoreBlackjewel and Revelation Energy Coal Bankruptcy Raises Concerns for Workers and Mine Cleanup
Two coal company bankruptcies in July resulted in retroactively withdrawn paychecks from coal miners and an unclear future for roughly 13,000 acres of unreclaimed mine land.
Read MoreWestmoreland Coal Allowed to Sever Worker Agreements
In February, a federal judge allowed Westmoreland Coal Company to terminate benefits for current and retired coal miners.
Read MoreBankrupt Westmoreland Coal granted permission to sever worker agreements
A federal bankruptcy judge ruled that Westmoreland Coal Company can back out of its collective bargaining agreements with current workers and retirees as soon as Feb. 28, putting pensions and health benefits for thousands of people at risk.
Read MoreExports and Bankruptcies Mark Volatile Year for Coal
Although Central Appalachian coal production has seen a slight rebound since 2016, it may be short-lived due to export and transportation costs. Additionally, two coal companies filed for bankruptcy last fall.
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