29 Nov '15, 8pm
NY Attorney General forces world’s largest coal company to come clean about false public statements | #ClimateChange https://t.co/LaQSJxecXa
An investigation conducted by the A.G.’s office found that Peabody, the largest publicly traded coal company in the world, violated New York laws prohibiting false and misleading conduct in the company’s statements to the public and investors regarding financial risks associated with climate change and potential regulatory responses. Essentially, Peabody tried to claim that it wasn’t really possible to determine the financial impact of future climate change regulations. It doesn’t take a coal company executive to realize that’s just not true. As one of the dirtiest fossil fuels on the planet, it’s obvious that regulations limiting or barring coal consumption would have monetary ramifications for the biggest dog in the race.