Coal giant Peabody Energy files for bankruptcy

The world’s largest privately owned coal producer has filed for bankruptcy. Peabody Energy has voluntarily filed petitions under Chapter 11 for the majority of its US entities in the Bankruptcy Court for the Eastern District of Missouri. Through that process, the company intends to reduce its overall debt level, lower fixed charges and improve operating […]

Energy firm rapped for “clean coal” advert

US power firm Peabody Energy has been ticked off for running a “misleading” advert which included the phrase “clean coal”. Yesterday the Advertising Standards Agency (ASA) upheld a complaint about the phrase by environmental campaign group WWF. The phrase was used in a long chunk of text in an advert which began, “Let’s Brighten the […]