Another coal giant files for bankruptcy

[pwjohn]

The coal industry is in turmoil. Demand for natural gas is surging, and coal has become a less-preferred fuel. That has spelt trouble for several coal miners.

Patriot Coal and Walter Energy have also filed for bankruptcy within the last two years.

In Alpha Natural's statement, CEO Kevin Crutchfield noted that more stringent government regulation has pushed electric utility companies away from coal.

"The change and challenges the U.S. coal industry has experienced over the last several years are greater than any in the past three decades," he said.

The company's stock was delisted from the New York Stock Exchange for being abnormally low

http://finance.yahoo.com/news/another-coal-giant-files-bankruptcy-130500639.html

 

[pwjohn]

New Power Plant Rules Likely To Start Slow-Burning Debate Legal Action NPR



New Power Plant Rules Likely To Start Slow-Burning Debate, Legal Action



An epic legal battle is about to begin over President Obama's plan to address climate change, in which the Environmental Protection Agency is putting in place new limits on greenhouse gases from power plants. Critics argue the plan is on shaky legal ground, but the administration says it's prepared to defend the regulations in court.

 

[Claudette]

I can see higher prices for everything manufactured on the horizon.