Dec 14 Economy Blackjewel Coal Alleges ‘Intentional, Willful’ Self-Dealing By Former CEO Allegations of financial misconduct by Blackjewel’s former CEO have surrounded the company’s bankruptcy case since it began last July. But a December 10 court filing lays out specific allegations against ousted CEO Jeff Hoops: webs of shell companies and secret royalty schemes that allegedly enriched Hoops at the expense of coal miners, the environment, and […] By Sydney Boles Dec 14 Economy Blackjewel Coal Alleges ‘Intentional, Willful’ Self-Dealing By Former CEO Sydney Boles
Dec 2 Economy Blackjewel Coal Moves To Liquidate, Leaving Millions Unpaid To Workers And Regulators The convoluted bankruptcy of coal company Blackjewel has hit another turn of events as the company’s former CEO moved to liquidate the company. A federal judge is considering a motion submitted last week to convert the bankruptcy from Chapter 11 to Chapter 7. That would mean that instead of exiting bankruptcy as a new company […] By Sydney Boles Dec 2 Economy Blackjewel Coal Moves To Liquidate, Leaving Millions Unpaid To Workers And Regulators Sydney Boles
Oct 19 Energy & Environment Bob Murray Announces Retirement From Coal Company He Founded After applying for black lung benefits, Robert Murray, founder and former president of the now-bankrupt coal company Murray Energy Corp., announced Monday he was leaving the business after more than 60 years in the industry. Murray Energy emerged from bankruptcy protection last month as American Consolidated Natural Resources (ACNR). The 80-year-old Murray was named chairman […] By Brittany Patterson Oct 19 Energy & Environment Bob Murray Announces Retirement From Coal Company He Founded Brittany Patterson
Oct 15 Energy & Environment Environmental Risks Remain As Blackjewel Bankruptcy Nears Its End Environmental advocates worry a coal company liquidation plan will leave dozens of coal permits in eastern Kentucky unreclaimed, according to filings in the bankruptcy proceedings of Blackjewel L.L.C. The bankruptcy case has dragged on since last July, when the once-mighty coal company’s Chapter 11 filing left hundreds of Appalachian coal miners suddenly without work, and […] By Sydney Boles Oct 15 Energy & Environment Environmental Risks Remain As Blackjewel Bankruptcy Nears Its End Sydney Boles
Sep 2 Economy Former Blackjewel Miners Could Get More Money From Proposed Settlement A proposed $17.3 million settlement of a class action lawsuit would provide additional payment for hundreds of Appalachian coal miners who were suddenly left jobless by the abrupt bankruptcy of the Blackjewel mining company. The settlement must be approved by the judge overseeing the complicated Blackjewel bankruptcy case. Although it is not yet final, attorneys […] By Jeff Young Sep 2 Economy Former Blackjewel Miners Could Get More Money From Proposed Settlement Jeff Young
Jul 24 Economy “No Pay, We Stay.” A Look Back At Miners’ Protest That Rocked Appalachia It’s a quiet, foggy morning on Highway 119 in Cumberland, Kentucky. A railroad track runs along the highway, and here, Sand Hill Bottom Road crosses the tracks and turns to the right, leaving a rough triangle of gravel spattered with trash. You can hear crickets chirping, birds twittering, cars passing on 119. A billboard advertises […] By Sydney Boles Jul 24 Economy “No Pay, We Stay.” A Look Back At Miners’ Protest That Rocked Appalachia Sydney Boles
May 27 Economy Coal Executives Face Fines, Possible Jail Time, Over Failure to Pay Executives with Indiana-based coal company American Resources Corporation will face daily fines of $2,500 if they continue to flout court orders, according to filings in the bankruptcy case of Cambrian Coal. The order comes after ARC failed to pay electric utility bills, employee back pay and benefits, and other liabilities it purchased from Cambrian last […] By Sydney Boles May 27 Economy Coal Executives Face Fines, Possible Jail Time, Over Failure to Pay Sydney Boles
May 18 Economy Federal Judge Threatens Jail Time as Coal Company Flouts Court Orders Coal company American Resources Corporation, which owns mines in Kentucky and West Virginia, is facing sanctions after failing to comply with a bankruptcy court’s orders, even after the company received $2.7 million in government aid meant for companies harmed by the coronavirus pandemic. Indiana-based ARC purchased coal mines and equipment from bankrupt coal company Cambrian […] By Sydney Boles May 18 Economy Federal Judge Threatens Jail Time as Coal Company Flouts Court Orders Sydney Boles
Apr 14 Energy & Environment W.Va.’s Longview Power Declares Bankruptcy Citing Low Energy Prices, Coronavirus A West Virginia-based coal plant operator has announced that it’s filing for bankruptcy due to weak demand for electricity. Longview Power LLC, which operates one of the newest and most efficient coal-fired power plants in the U.S. hailed by the Trump administration as a model for coal’s future, announced in a Tuesday press release that […] By Brittany Patterson Apr 14 Energy & Environment W.Va.’s Longview Power Declares Bankruptcy Citing Low Energy Prices, Coronavirus Brittany Patterson
Jan 22 Energy & Environment Bankrupt Blackjewel Coal Still Racking Up Environmental Violations, Officials Warn An attorney for the Kentucky Energy and Environment Cabinet told a federal judge Wednesday that the bankrupt coal company Blackjewel has accrued nearly 300 environmental violations since it entered bankruptcy in July. “It’s essential that these violations are addressed, abated, and that they stop accruing,” Cabinet attorney Lena Seward told bankruptcy judge Frank Volk in […] By Sydney Boles Jan 22 Energy & Environment Bankrupt Blackjewel Coal Still Racking Up Environmental Violations, Officials Warn Sydney Boles