President Obama and his left-wing allies’ war on American industry has claimed yet another victim: coal giant Peabody Energy.
The largest supplier of coal in the United States, Peabody has gone belly up in a move that comes as a shock to many. However, given the circumstances under which the company filed for bankruptcy, it should surprise no one.
Although Peabody’s management is undeniably responsible for their business’ demise, it’s pronounced fall and decline did not occur in a vacuum. On the contrary, it was the inevitable result of a year-long assault on the coal industry by the left.
Promising way back in 2008 to “break” coal companies, Obama rode climate change hysteria into the White House, where he coordinated with congressional Democrats and cabinet agencies like the Environmental Protection Agency to undermine corporations like Peabody.
By implementing overly-burdensome regulations like the Mercury Air Transport Standard, the administration was able to subdue Peabody into bankruptcy.
Read more about Peabody’s bankruptcy on the next page:
FOR THOSE THAT KEEP VOTONG DEMOCRAT YUO AND ONLY YOU ARE THE DESTRUCTORS OF SOCIETY
Hush money for now…but the jobs are gone for all the future workers….sad and mad!
OBAMA is evil! Green energy is a cruel scam on the people by rich liberals who are planning on getting richer on green energy plus they will control the people when they control energy!
It’s temporary.
TREASON
Brian Coulter Suzanne E Waters
What about big oil being in his pocket?
Such a sad situation he has created and has devastated many good hard working peoples lives and destroyed communities! 🙁
he didnt like a white person ,running a yellow machine on black material. made him feel picked on .
Alberta NDP must have the same goal