Uncertain Abyss - As Chapter Closes?
"As we rise to the challenge of confronting climate change, it is clear that we cannot reasonably rely on coal as an energy source. This will necessarily mean that Peabody’s business will come to an end in the long - term. In light of this reality, it is incumbent upon the company to do everything possible in the interim to shed extraneous liabilities, fully close out existing operations, and ensure the concerns of shareholders, workers, tribes and other interested parties are effectively resolved"
Harbinger of the End of Fossil Fuel Era'? US Coal Giant May File Bankruptcy
A Warning From the Bank for International Settlements : The Calm Before the Storm?
The plunge in stock prices and the slowdown in global growth are taking place at the same time that investor confidence in central banks is waning.