Now that Coal Companies are Troubled, Who Should Pay for Environmental Cleanups?
August 25, 2016
Coal companies are going dark. They are economically troubled, with nearly all of them experiencing bankruptcy or emerging from it in a different form. The reasons are numerous and depending one’s view, can range from depleted coal seams to less demand to strict environmental regulations.
Regardless of how their troubles started, coal companies still have to clean up their sites. But the companies are bankrupt, which leads to the question of just who is going to pay.
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