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Coal Giant Peabody Energy Files For Bankruptcy

Vietnam's President Truong Tan Sang (R) speaks as Greg Boyce (L), chairman and CEO of Peabody Energy, looks on as they attend a dialogue at the APEC CEO Summit at the China National Convention Centre (CNCC) in Beijing on November 10, 2014, part of the Asia-Pacific Economic Cooperation (APEC) Summit.  APEC Economic Leaders' Meetings and APEC summit is being held at Beijing's outskirt Yanqi Lake.   (Wang Zhao/Getty Imgaes)
Vietnam's President Truong Tan Sang (R) speaks as Greg Boyce (L), chairman and CEO of Peabody Energy, looks on as they attend a dialogue at the APEC CEO Summit at the China National Convention Centre (CNCC) in Beijing on November 10, 2014, part of the Asia-Pacific Economic Cooperation (APEC) Summit. APEC Economic Leaders' Meetings and APEC summit is being held at Beijing's outskirt Yanqi Lake. (Wang Zhao/Getty Imgaes)

Pointing to an “unprecedented industry downturn,” the St. Louis coal company Peabody Energy announced today that it is filing for Chapter 11 bankruptcy. It’s one of a number of recent bankruptcies in the coal industry. Here & Now’s Jeremy Hobson looks at the larger forces at play with Juli Niemann, an energy analyst at Smith Moore & Co. in St. Louis.

Guest

  • Juli Niemann, energy analyst at Smith Moore & Co. in St. Louis.

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