Peabody Energy

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Peabody Energy Corporation

logo
legal form Incorporated
ISIN US7045511000
founding 1883
Seat St. Louis , United States
management Glenn Kellow, President and CEO
Number of employees 6,700
sales 4,715,000,000 USD
Branch Mining
Website www.peabodyenergy.com
As of December 31, 2016

Peabody Energy , formerly Peabody Coal Company , is the largest privately owned coal mining company in the world, is headquartered in St. Louis , Missouri and is listed on the S&P 500 stock index.

history

Peabody Energy was founded in Chicago in 1883 .

In December 2011, Peabody took over the Australian coal miner Macarthur .

In mid-April 2016, the company filed for Chapter 11 bankruptcy law. The company had already announced this in mid-March 2016, whereupon the company's share plummeted by more than 50 percent. Previously, it had already lost more than 98 percent of its value over the year. The bankruptcy protection was lifted on April 3, 2017 and the company has been listed on the NYSE again since then .

criticism

In the wake of the bankruptcy it came to light that Peabody played an important role in the organized denial of climate change . Among other things, the company funded more than 24 organizations that doubt on the global warming sow and combat environmental protection measures. Further funds went to researchers Willie Soon , Richard Lindzen and Roy Spencer, who are known for their "skeptical" positions on climate change .

Web links

Individual evidence

  1. a b Peabody Energy 2016 Form 10-K Report , accessed May 20, 2017
  2. a b The world's largest private coal company goes to its knees . In: Manager Magazin , April 13, 2016. Retrieved April 15, 2016.
  3. Tony Grant-Taylor: Peabody Energy completes $ 4.9 billion takeover of Macarthur Coal . The Courier Mail.
  4. Peabody Energy is about to go bankrupt . In: n-tv , March 16, 2016. Retrieved April 15, 2016.
  5. Peabody Energy emerges from banktruptcy protection at www.reuters.com , accessed on May 20, 2017
  6. Biggest US coal company funded dozens of groups questioning climate change . In: The Guardian , April 13, 2016. Retrieved April 13, 2016.