Faltering Wyoming Coal Industry Bets on Emissions Capture Breakthrough
|09/11/2019||Posted by BusinessMediaguide.Com under General World News||
It was a sobering moment this July 1 in Gillette, Wyoming, when two of the largest coal mines in the country closed in midshift.
Melissa Peterson Worden was one of about 600 people who lost their jobs that day, when the nation’s sixth-largest coal mining company, Blackjewel, abruptly went out of business.
“It is the thing they said would never happen,” Worden said. “And it happened.”
Blackjewel had applied for bankruptcy protection that morning. But the company couldn’t get funding to keep the mines running while courts sorted out its finances. So the mines closed that afternoon. They haven’t opened since.
Blackjewel’s bankruptcy underscores read more >>>