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Home > "Group Questions Peabody Energy's Coal Mine Self-Bonding"

"Group Questions Peabody Energy's Coal Mine Self-Bonding" [1]

"CHEYENNE, Wyo. — An environmental group is formally questioning Peabody Energy's ability to fully bond its coal mines in Wyoming and elsewhere in the Rocky Mountain region, saying the St. Louis-based company has insufficient funding to qualify for self-bonding.

Bonding helps ensure funding is in place to fill in mines that close and restore them to a natural state. Self-bonding exempts companies from posting conventional bond in exchange for showing they have sufficient resources to pay for all potential mine reclamation.

St. Louis-based Peabody has almost $900 million in self-bonding obligations in Wyoming. They cover three big open-pit mines in the Powder River Basin, a region that supplies almost 40 percent of the nation's coal."

Mead Gruver reports for the Associated Press February 11, 2016. [2]

Energy & Fuel [3]
Laws & Regulations [4]
Pollution [5]
Waste [6]
National (U.S.) [7]
Public [8]
Source: AP [9], 02/12/2016
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Source URL:https://www.sej.org/headlines/group-questions-peabody-energys-coal-mine-self-bonding

Links
[1] https://www.sej.org/headlines/group-questions-peabody-energys-coal-mine-self-bonding [2] http://hosted2.ap.org/APDEFAULT/EnvironmentandNature/Article_2016-02-11-WY--Peabody%20Energy-Bonding/id-b240236ec7bf4794ab9ddee864a1d59e [3] https://www.sej.org/category/topics-beat/energy [4] https://www.sej.org/category/topics-beat/laws [5] https://www.sej.org/category/topics-beat/pollution [6] https://www.sej.org/category/topics-beat/waste [7] https://www.sej.org/category/region/national [8] https://www.sej.org/taxonomy/term/81 [9] http://hosted2.ap.org/APDEFAULT/EnvironmentandNature/Article_2016-02-11-WY--Peabody Energy-Bonding/id-b240236ec7bf4794ab9ddee864a1d59e