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On April 5, 2010, Massey Energy’s Upper Big Branch Mining disaster claimed the lives of 29 miners. Now an independent investigator, former MSHA head David McAteer, has found that Massey Energy operated in a “profoundly reckless manner and 29 coal miners paid with their lives for the corporate risk-taking.” The report found that poor ventilation [...]
Continue reading...Tuesday, April 26, 2011
I hold no illusions about how much political power in the U.S. lies in corporate hands. That’s why, a few years ago, I started to acquire a portfolio of shares in a number of banking and energy companies. As a shareholder, I’m entitled to one opportunity each year to question CEOs and senior executives about [...]
Continue reading...Sunday, January 30, 2011
After months of speculation, Massey Energy, the most controversial coal mining company in the USA, is no more. On Saturday Alpha Natural Resources announced that it had bought out the company in a deal worth $8.5 billion. That’s a high price for the stock – metallurgical coal looks lucrative to short-sighted investors as the competing [...]
Continue reading...Wednesday, January 12, 2011
Some good news this week from West Virginia: Our friends at the Sludge Safety Project report that, after years of work, communities are one step closer to achieving a statewide ban on toxic coal slurry injections! A critical subcommittee has recommended that the West Virginia legislature pass a bill that would make permanent the existing [...]
Continue reading...Monday, December 20, 2010
Joe Manchin is off to a poor start as the new Senator for West Virginia. Many of his constituents are furious he skipped out on the Senate’s “Don’t Ask Don’t Tell” (DADT) repeal vote on Saturday in order to attend a Christmas party. Meanwhile, he still finds time for pointless posturing on behalf of the [...]
Continue reading...Monday, December 13, 2010
Don Blankenship is going to plead the 5th in the Upper Big Branch probe. Seems that Big Don is invoking his right to avoid self-incrimination. I’m pretty shocked and awed by this bit of information. I guess all those times I called Blankenship a “homicidal maniac,” his lawyers didn’t disagree. Per Ken Ward at Coal [...]
Continue reading...Tuesday, December 7, 2010
Just announced — Don Blankenship is set to receive a $12 million “F*** Off” package from Massey Energy. It must be very disappointing for Don, as last year he took home $18 million in salary and bonuses, the highest paid man in the coal business. Here are my thoughts about how Massey could spend that [...]
Continue reading...Wednesday, November 3, 2010
“In a nation ruled by swine, all pigs are upwardly mobile.” — Hunter S. Thompson The stories are flying like hard boiled eggs at Faber College’s lunch room. News sources have reported that Massey’s sale to Cliff Natural Resources may be imminent. Massey’s reputation as the “poster child” of mountaintop removal and a top producer [...]
Continue reading...Wednesday, October 20, 2010
We’ve been keeping our eyes on the Swiss alps as we fight to stop the destruction of Appalachia’s beautiful mountains. The reason? International banking giants provide major finance to some of the coal companies who blow up mountains to mine coal and the biggest global funder of mountaintop removal (MTR) is the largest Swiss bank, [...]
Continue reading...Thursday, September 30, 2010
Appalachia Rising Converges on White House in Mass Action Thousands Call for Abolition of Mountaintop Removal in Action at White House; Over 115 arrested in non-violent civil disobedience It was crazy times in our nation’s capitol this last week. Appalachia Rising, a mass mobilization calling for the abolition of mountaintop removal coal mining, converged thousands [...]
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Indonesian gov't re-adds #Tripa to list of Moratorium protected areas. Will companies responsible be held accountable? http://t.co/EpOtZ4P2
Friday, May 20, 2011
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