Over half of US coal mined in 2017 came from 5 companies

More than half of the coal produced in the U.S. comes from five companies, with the largest company producing one in every five tons.

Peabody Energy Corp. far outproduced any other coal company in 2017 with 156.7 million tons from U.S. operations, a 20.3% share of the total coal produced in the U.S. Nearly two-thirds of Peabody’s production came from a single mine, the North Antelope Rochelle mine in Wyoming, which is itself responsible for 13.1% of the coal produced in the entire country…

❝ “We’ll take a look at where our customer requirements are later as we progress through the year and see where we end up, but we are very focused on maintaining strong margins out of that basin,” Peabody Executive Vice President and CFO Amy Schwetz said Feb. 7…

Just to smell the money and power coal still has over a political economy…consider…

❝ In Wyoming, for example, two companies — Peabody and Arch — mine 64% of the coal in the state. Murray Energy controls 36% of the coal produced in West Virginia, while Alliance Resource Partners LP produced 39.7% of the coal mined in Kentucky in 2017.

How many politicians do you think they own – they might need to own – in a state, in Congress, to always get their way?

One thought on “Over half of US coal mined in 2017 came from 5 companies

  1. Goad says:

    Lobbying Spending Database – Peabody Energy, 2017 | OpenSecrets https://www.opensecrets.org/lobby/clientsum.php?id=D000020856
    See also Murray Energy Corporation (the largest coal mining company in America) @ https://www.opensecrets.org/search/?q=Murray+Energy&cx=010677907462955562473%3Anlldkv0jvam&cof=FORID%3A11
    Peabody Energy went bankrupt in 2016 but managed to spend $1.8 million on government lobbying that year. (This was down from $2.5 million in 2015) https://seekingalpha.com/article/4064438-peabody-energy-spent-1_8-million-government-lobbying-bankrupt Peabody’s $10.1 billion bankruptcy show the company has given money to scientists skeptical of climate change, a group fighting state environmental regulations, and Washington public relations specialist Rick Berman.
    “West Virginia Judge Dismisses Murray Energy’s Case Against HBO, John Oliver” https://www.pastemagazine.com/articles/2018/02/west-virginia-judge-dismisses-murray-energys-case.html

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