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Another Coal Company Bankruptcy Leaves 1,700 Workers Facing Layoffs

Steve Baragona

   WASHINGTON - The U.S. coal industry sank deeper this week as the
   nation's sixth-largest coal company declared bankruptcy.

   Though the Trump administration has taken measures aimed at supporting
   coal, six of the 10 largest coal companies have gone bankrupt since
   2014.

   Blackjewel LLC's [1]Chapter 11 filingcomes just weeks after the No. 3
   producer, [2]Cloud Peak Energy, declared bankruptcy.

   The coal industry has been pummeled as electric utilities switch from
   coal-fired power to cleaner, cheaper natural gas and renewable energy.

   It is good news for the climate and public health. Burning coal
   produces more greenhouse gas emissions and other pollutants than other
   fuels.

   But the trend has been devastating for the coal industry and its
   employees.

   Blackjewel, a subsidiary of Revelation Energy, employed about 1,700
   workers in four states, including Kentucky, Virginia, West Virginia and
   Wyoming, according to court filings.

References

   1. https://cases.primeclerk.com/blackjewel/Home-Index
   2. https://cases.primeclerk.com/cloudpeakenergy/

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