Posted on Oct 29, 2022
How big coal companies avoid cleaning up their messes
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https://www.npr.org/2022/10/29/ [login to see] /west-virginia-coal-mining-alpha
Miles Hatfield was walking into his dining room when he felt the wooden floor give way. His legs dropped hip-deep into water that had pooled under the brick house in the green hills of eastern Kentucky where he had lived for the past 40 years, trapping him in his own floor.
Miles Hatfield was walking into his dining room when he felt the wooden floor give way. His legs dropped hip-deep into water that had pooled under the brick house in the green hills of eastern Kentucky where he had lived for the past 40 years, trapping him in his own floor.
How big coal companies avoid cleaning up their messes
Posted from npr.org
Energy
Mining and Metals
Posted >1 y ago
Responses: 1
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PO1 William "Chip" Nagel
..."After floods struck Eastern Kentucky and killed about 40 people in July and August, some residents of Lost Creek sued the coal company that mines the land above their town for making the flooding and damage worse. Old coal mines present a looming and potentially expensive disaster for coal country — and for taxpayers who could be on the hook.
Meanwhile, Alpha's share price has gone up more than 700% since it exited bankruptcy in 2016. The executives who guided the company through bankruptcy, a corporate split, a re-merger, and a name change to Alpha Metallurgical Resources have been handsomely rewarded. Kevin Crutchfield, CEO from 2009 to 2019, earned at least $72 million in those years. President Andy Eidson, set to take over as CEO, has made at least $16 million since he joined Alpha a decade ago."
..."After floods struck Eastern Kentucky and killed about 40 people in July and August, some residents of Lost Creek sued the coal company that mines the land above their town for making the flooding and damage worse. Old coal mines present a looming and potentially expensive disaster for coal country — and for taxpayers who could be on the hook.
Meanwhile, Alpha's share price has gone up more than 700% since it exited bankruptcy in 2016. The executives who guided the company through bankruptcy, a corporate split, a re-merger, and a name change to Alpha Metallurgical Resources have been handsomely rewarded. Kevin Crutchfield, CEO from 2009 to 2019, earned at least $72 million in those years. President Andy Eidson, set to take over as CEO, has made at least $16 million since he joined Alpha a decade ago."
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