Members of the St. Louis Police Department watch over a protest by members of the United Mine Workers of America outside the of headquarters of Peabody Energy.
The world’s largest private coal company misled its investors and the public about the financial risks of climate change, New York state’s attorney general announced on Monday.
“As a publicly traded company whose core business generates massive amounts of carbon emissions, Peabody Energy has a responsibility to be honest with its investors and the public about the risks posed by climate change, now and in the future,” Schneiderman said in a statement. “I believe that full and fair disclosures by Peabody and other fossil fuel companies will lead investors to think long and hard about the damage these companies are doing to our planet.”
Environmentalists and Democratic politicians ExxonMobil of engaging in a cover-up to mislead the public about the risks of human-caused climate change in order to sell more of its carbon-intensive product. Exxon has vehemently the accusation.
Investigation Finds World’s Largest Coal Company Misled Public On Climate Change EMILY ATKIN NOV 9, 2015