How bankruptcy helps the coal industry avoid environmental liability grist.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from grist.org Daily Mail and Mail on Sunday newspapers.
Jeff Hoops built Blackjewel into the nation’s sixth largest coal company by acquiring bankrupt mines. When it declared bankruptcy, he pivoted to other ventures, leaving polluted streams and mud-shrouded roads in his wake.
Blackjewel Bankruptcy Leaves Damaged Lands, Miners' Compensation In Limbo wmky.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wmky.org Daily Mail and Mail on Sunday newspapers.
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Environmental News For The Week Ending 16January 2019 This is a collection of interesting news articles about the environment and related topics published last week. This is usually a Tuesday evening regular post at GEI (but can be posted at other times). Please share this article - Go to very top of page, right hand side, for social media buttons. Note: Because of the high volume of news regarding the coronavirus outbreak, that news has been published separately: Summary: New US Covid infections for the week ending January 16th were 8.5% below those of the week ending January 9th, so it appears that the incidence of new cases mat have peaked and is turning down, at least for the time being. One caveat to that, though, is that we don t know how many of the prior week s cases were from reports that had been delayed over the holidays. For a check on that, we can compare new cases from the week ending January 16th to those from the week ending December 19th, two weeks which should have been unaffected by holiday reporting issues; that comparison shows a 3.3% increase in new cases, or a new case growth at a rate of less than 1% a week. And since we should be past the post-holiday surge by now, there s no reason to think that new cases will begin to rise again soon, at least not until one of the more contagious mutant strains becomes dominant here. In the UK, that appears to have taken around three months, which might give us enough time to get a significant part of the population vaccinated and slow the next surge down. But reports indicate that one of the 2 mutant Covid strains circulating in Ohio became dominant in the Columbus area in just three weeks. If that s an accurate assessment, we ll barely have time to catch our breath before it will be off and running again.
1 KEARNEYSVILLE â A West Virginia Air National Guard member died early Sunday while helping firefighters respond to the the scene of a blaze that had been intentionally set, authorities said. The airman was assigned to the 167th Airlift Wing in Martinsburg. The unit was part of a mutual aid response to a fire at a vacant structure in Kearneysville, the West Virginia State Fire Marshalâs Office said in a statement. The blaze has been connected to nearby fire at another vacant structure reported about 20 minutes earlier, the statement said. Investigators determined that both were the result of arson, officials said.
Written by Associated Press on December 23, 2020 CHARLESTON, W.Va. (AP) A bankrupt coal operator’s request to liquidate its assets has been denied by a federal judge in West Virginia. Blackjewel filed for Chapter 11 reorganization bankruptcy in July 2019 and mostly halted operations. The company had sought to convert to Chapter 7, which would allow it to liquidate its assets. The company said in court filings it didn’t have the assets to continue reorganizing in a Chapter 11 proceeding. Federal Judge Benjamin A. Kahn denied the request in an order on Monday, Ohio Valley Resource reported. Blackjewel’s mine shutdowns put about 600 employees in Wyoming and 1,100 in Appalachia out of work last year, and left hundreds of Kentucky and Virginia miners without pay. Some of them held a months-long protest on a set of railroad tracks in Harlan County, Kentucky.
December 22, 2020 GMT CHARLESTON, W.Va. (AP) A bankrupt coal operator’s request to liquidate its assets has been denied by a federal judge in West Virginia. Blackjewel filed for Chapter 11 reorganization bankruptcy in July 2019 and mostly halted operations. The company had sought to convert to Chapter 7, which would allow it to liquidate its assets. The company said in court filings it didn’t have the assets to continue reorganizing in a Chapter 11 proceeding. Federal Judge Benjamin A. Kahn denied the request in an order on Monday, Ohio Valley Resource reported. ADVERTISEMENT Blackjewel’s mine shutdowns put about 600 employees in Wyoming and 1,100 in Appalachia out of work last year, and left hundreds of Kentucky and Virginia miners without pay. Some of them held a months-long protest on a set of railroad tracks in Harlan County, Kentucky.
Credit Peabody Energy, Inc. / Wikimedia Commons (CC BY 3.0) A federal bankruptcy judge has denied a petition from former Blackjewel coal executive Jeff Hoops to liquidate the company. The decision means the reorganization of the company will continue under Chapter 11 bankruptcy as former employees, creditors and state agencies seek to recover millions owed by the company.
Hoops cited “permanent negative cash flow” at his former company, which has accrued at least $80 million in administrative and other expenses since its bankruptcy filing on July 1 last year.
The nearly 3,000-filing-long Blackjewel bankruptcy docket demonstrates an 18-month scramble by the company’s creditors to recuperate as much money as possible from a too-small pot. According to court filings, Blackjewel also has multiple outstanding permit violations, an unknown amount of outstanding environmental reclamation liabilities, unpaid taxes totaling $2 million, tax liabilities of untold amounts, and millions in unpaid employee healthcare claims.
Judge Denies Blackjewel's Move to Liquidate - WOUB Public Media woub.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from woub.org Daily Mail and Mail on Sunday newspapers.