W.Va. officials object to Patriot Coal bankruptcy plan

The Associated Press

West Virginia environmental regulators say Patriot Coal's bankruptcy plan would leave the company with no assets to cover hundreds of millions of dollars in mine pollution cleanup.

RICHMOND, Va. (AP) — West Virginia environmental regulators say Patriot Coal's bankruptcy plan would leave the company with no assets to cover hundreds of millions of dollars in mine pollution cleanup.

In a Monday filing in U.S. Bankruptcy Court in Virginia, attorneys for the Department of Environmental Protection wrote that Patriot's plan would expose people to public health and safety risks.

Patriot wants to close a proposed partial sale to Lexington, Kentucky-based Blackhawk Mining LLC.

DEP attorneys said the plan appears to favor New York hedge funds and leave little to no ability for Patriot to pay to reclaim land and treat acid mine drainage and other water pollution.

The plan also is opposed by the United Mine Workers of America because Patriot wants a judge to reject its collective bargaining agreement.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs