Daily digest

Peabody Energy signals bankruptcy as it warns of restructuring

COAL: Peabody Energy, the world’s largest coal company, moves closer to bankruptcy by warning that it may have to restructure in court. (New York Times)

ALSO:
• An active coal mine in Southern Illinois owned by Peabody exemplifies fears over whether the company will be able pay to clean it up as it faces bankruptcy. (Midwest Energy News)
Arch Coal executives were paid $8 million in bonuses the day before the company filed for bankruptcy in January. (ClimateWire)
• A St. Louis-based mining company is still in talks with creditors as it seeks to restructure more than $1.2 billion in debt. (St. Louis Post-Dispatch)

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OHIO: A $13 billion clean energy ballot initiative in Ohio faces opposition from major utilities and business groups because the program would be administered by a private, out-of-state company. (SNL)

FINANCE: The Union of Concerned Scientists says Michigan could leverage $3 billion in private investment for renewables and efficiency by establishing a “green bank.” (Utility Dive)

RENEWABLES: A small town in northern Ohio must decide how it will spend $2 million generated by swapping high-priced renewable energy credits for low cost RECs. (EcoWatch)

SOLAR: Officials in a South Dakota county will consider a six-month moratorium on solar development permits. (Rapid City Journal)

UTILITIES: The CEO of Dynegy says he continues to be influenced by former NRG Energy executive David Crane. (EnergyWire)

WIND: Making the case for offshore wind in Lake Erie. (Cleveland Plain Dealer)

NATURAL GAS: Natural gas is becoming the primary source of electricity in the nation. (UPI)

EMISSIONS: Decoupling is confirmed as global greenhouse gas emissions remain flat while global GDP grows. (Washington Post)

ETHANOL: Low oil prices are cutting into ethanol industry profits, but experts don’t anticipate widespread plant shutdowns. (Des Moines Register)

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FOSSIL FUELS: The chief economist for a major oil company says the concept of a “carbon bubble” is a deliberate effort to frighten away investors and capital for coal, oil and gas. (Forbes)

COMMENTARY: “As solar costs decrease, subsidies should also decrease.” (Forbes)

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