“The move comes as President Barack Obama is expected to unveil tough new measures to cut greenhouse gas emissions from coal-fired power plants. Alpha blamed its Chapter 11 bankruptcy on tougher regulatory standards and policies that favor renewable energy, as well tumbling prices for its coal. Alpha is the world’s third-largest supplier of metallurgical coal used in making steel and has also been hit by a slowdown in China. Walter Energy Inc and Patriot Coal Corp also filed for bankruptcy protection this year. Energy Future Holdings Corp, a power company that also has a large coal mining business, has been in bankruptcy since 2014.”
http://www.reuters.com/article/2015/08/03/alpha-ntrl-resc-bankruptcy-idUSL3N10E4JP20150803
Related posts:
Looking to spend those hard-earned Bitcoins? Victoria diner takes cybercurrency
What Happened to the Fed's Trillions? Back on Deposit...at the Fed!
CIA chief signals desire for regime change in North Korea
Belgian minister eyes citizens' Swiss accounts
Europe’s Richer Regions Want Out
Toronto Reviews Bid to Become Yuan Currency Trading Hub
Greeks strip country for scrap cash
Israel facing ‘increasing number of cyber attacks’
On Wall Street, the Rising Cost of Faster Trades
Lucky Lobsters Jam China Flights, Sending U.S. Prices to Record
India seizure of smuggled gold zooms 365% in Q1
Gun company displays largest-caliber rifle ever created with bullets that cost $40 a piece
State Department Demands Takedown Of 3D-Printable Gun Files For Export Control Violations
Hong Kong's first bitcoin shop opens in Sai Ying Pun
Soldiers suspected of plotting to kill Obama face death penalty