The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
World's Biggest Coal Company's Bankruptcy Protects It From Climate Lawsuit, Judge Rules
Peabody Energy is not responsible for climate impacts incurred before its 2016 bankruptcy filing, a judge ruled this week.
The world's largest private coal company is one of 37 fossil fuel companies being sued by three municipalities in California for damages due to climate change caused by burning fossil fuels and for conducting a "coordinated, multi-front effort" to discredit climate science.
St. Louis Judge Barry Schermer, who presided over the bankruptcy, ruled that the counties missed the deadline to file claims during Peabody's Chapter 11 filing last year and that language around environmental exceptions in Peabody's bankruptcy plan do not apply to the California suit. The coal giant, which lost $2 billion in 2015, posted a quarterly profit of $200 million this week, six months after emerging from bankruptcy.
As reported by Bloomberg:
"St. Louis-based Peabody was sued in July together with global energy companies such as Exxon Mobil Corp. and Royal Dutch Shell Plc. The suit says the companies have known since at least 1965 that their activities were changing the climate, and that there was only a narrow window of time to reverse from a catastrophic course.
Instead, they 'engaged in a coordinated, multi-front effort to conceal and deny their own knowledge,' discredit scientific evidence and mislead the public, San Mateo County said in its suit.
The global warming caused by the burning of fossil fuels extracted by the defendants is expected to lead to 'extreme flooding' on California's coast by 2050, the suits allege."
"We are reviewing the court's decision and considering our options," said Vic Sher, a Sher Edling LLP lawyer representing the California communities, Marketwatch reported. "But it would be a shame if Peabody, the biggest private coal company in the world, can use the bankruptcy laws to avoid defending these cases that call into question their role in damaging our climate, causing sea levels to rise, misleading the public and policy makers about those impacts, and shifting billions of dollars in costs onto coastal communities."
For a deeper dive:
EcoWatch Daily Newsletter
‘Companies Should Not Be Allowed to Use Hazardous Ingredients in Products People Use’: Michelle Pfeiffer Speaks Up for Safer Cosmetics
The beauty products we put on our skin can have important consequences for our health. Just this March, the U.S. Food and Drug Administration (FDA) warned that some Claire's cosmetics had tested positive for asbestos. But the FDA could only issue a warning, not a recall, because current law does not empower the agency to do so.
Michelle Pfeiffer wants to change that.
The actress and Environmental Working Group (EWG) board member was spotted on Capitol Hill Thursday lobbying lawmakers on behalf of a bill that would increase oversight of the cosmetics industry, The Washington Post reported.
By Julia Conley
Scientists at the United Nations' intergovernmental body focusing on biodiversity sounded alarms earlier this month with its report on the looming potential extinction of one million species — but few heard their calls, according to a German newspaper report.
The climate crisis is a major concern for American voters with nearly 40 percent reporting the issue will help determine how they cast their ballots in the upcoming 2020 presidential election, according to a report compiled by the Yale Program on Climate Change Communication.
Of more than 1,000 registered voters surveyed on global warming, climate and energy policies, as well as personal and collective action, 38 percent said that a candidate's position on climate change is "very important" when it comes to determining who will win their vote. Overall, democratic candidates are under more pressure to provide green solutions as part of their campaign promises with 64 percent of Democrat voters saying they prioritize the issue compared with just 34 percent of Independents and 12 percent of Republicans.
President Donald Trump has agreed to sign a $19.1 billion disaster relief bill that will help Americans still recovering from the flooding, hurricanes and wildfires that have devastated parts of the country in the past two years. Senate Republicans said they struck a deal with the president to approve the measure, despite the fact that it did not include the funding he wanted for the U.S.-Mexican border, CNN reported.
"The U.S. Senate has just approved a 19 Billion Dollar Disaster Relief Bill, with my total approval. Great!" the president tweeted Thursday.