Peabody under Investigation for misleading investors, funding denial science



Contact: Caitlin Lee, MORE,


MORE's statement on Peabody under Investigation for Misleading Investors, Funding Denial Science


The recent disclosure that for the past two years Peabody Energy, the largest private sector coal company, has been under ongoing investigation by the New York Attorney General for misleading investors about climate change and funding denial science further confirms the need for a just transition away from Peabody and energy companies who profit off at the expense of our health and climate.


MORE has long called attention to the Peabody’s constructed narrative about climate science and coal. in 2013 and 2014, MORE members and allies who are also Peabody shareholders were kicked out of the annual shareholder meetings when they questioned the information Peabody presented. In 2014, 11 people were arrested outside the meeting for calling on an end to the Peabody’s unjust practices.


Peabody’s profit-driven agenda creates a conflict of interest that harms St. Louisans among many. MORE supports the continued investigation into Peabody's malpractice.


(Peabody shareholders affiliated with MORE available for comment.)





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commented 2017-07-19 04:28:06 -0500 · Flag
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