Shareholders pay the price for management’s failure to adequately combat Obama’s EPA.
FOXBusiness.com reports:
3 thoughts on “Arch Coal Files for Chapter 11”
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Shareholders pay the price for management’s failure to adequately combat Obama’s EPA.
FOXBusiness.com reports:
Comments are closed.
Sooner or later we the taxpayers via the ‘Too big to fail’ bailouts such as this will pay. And pay and pay and pay. Where such information?
Apparently raising the price of coal to remain profitable was not the first choice – bailing & getting others to pay is the best way forward. Sooner or later we the taxpayers via the ‘Too big to fail’ bailouts such as this will pay. And pay and pay and pay.
Keeping an older method of energy going while newer more efficient technologies are available makes no sense – unless of course you are Arch Coal & the Koch Bros.
Obama’s promise to kill the coal industry is coming to pass.