Soros purchased one million shares in Peabody Energy and another 500,000 shares in Arch Coal. Both companies have been struggling since President Obama’s ‘war on coal’ aimed at reducing carbon dioxide emissions. The coal industry’s biggest players have recently lost more than 98 percent of their share value. On Friday Peabody Energy’s shares cost $1.73, compared with more than $72 per share at their peak in 2011 .... http://www.rt.com/business
Friday, August 21, 2015
Climate change warrior Soros warms up on coal
Billionaire philanthropist George Soros has invested more than $2 million in US coal giants Peabody Energy and Arch Coal despite having once called the coal industry the “lethal bullet” of climate change.
Soros purchased one million shares in Peabody Energy and another 500,000 shares in Arch Coal. Both companies have been struggling since President Obama’s ‘war on coal’ aimed at reducing carbon dioxide emissions. The coal industry’s biggest players have recently lost more than 98 percent of their share value. On Friday Peabody Energy’s shares cost $1.73, compared with more than $72 per share at their peak in 2011 .... http://www.rt.com/business
Soros purchased one million shares in Peabody Energy and another 500,000 shares in Arch Coal. Both companies have been struggling since President Obama’s ‘war on coal’ aimed at reducing carbon dioxide emissions. The coal industry’s biggest players have recently lost more than 98 percent of their share value. On Friday Peabody Energy’s shares cost $1.73, compared with more than $72 per share at their peak in 2011 .... http://www.rt.com/business
