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Peabody Coal admits divestment campaigns worked
By Brenda Norrell
Dutch translation by Alice Holemans, NAIS
http://www.denaisgazet.be/nieuws/peabody-coal-geeft-toe-dat-afsplitsing-campagnes-gewerkt-hebben
What do Peabody Coal, Barrick Gold in Nevada, and Shell Oil in the Arctic, all have in common?
All three are cutting back on operations due to plummeting profits and worth. These three corporations never cared about the earth, Indigenous Peoples or the protests.
Still, the protests have succeeded in creating a new global awareness of climate change. They have made people around the world aware of the damage and destruction, displacement and disease from coal, gold and copper mining, oil and gas drilling, fracking and coal fired power plants.
Now, under probe by the New York Attorney General for climate change lies and inflating worth, Peabody agreed to tell investors of the lessening demand for coal and the impact of divestment campaigns.
The next step, as suggested in the probe and news coverage, is for those with claims against Peabody Coal to file lawsuits similar to the tobacco lawsuits.
These lawsuits will hold Peabody Coal responsible for its lies and cover-ups — resulting in disease and death — long after the facts were known about Peabody's coal mining and its role in feeding the dirty coal fired power plants, including those on Black Mesa on the Navajo Nation.
http://mobile.nytimes.com/2015/11/09/business/energy-environment/peabody-energy-agrees-to-greater-disclosures-of-financial-risks.html?ref=business&_r=1&referer=
Brenda Norrell has been a news reporter in Indian country for 29 years, serving as a writer for Navajo Times and a stringer for AP and USA Today during the 18 years she lived on the Navajo Nation. After being a longtime staff reporter for Indian Country Today, she was censored and terminated. She then created Censored News, focused on Indigenous Peoples and human rights, now in its fifth year.
Source: http://bsnorrell.blogspot.com/2015/11/peabody-coal-admits-divestment.html
