Bankruptcy: A Cheap Way Out Of Trouble For Oil Companies ...Middle East

Back in 2013, the world’s largest private-sector coal company, Peabody Energy (NYSE:BTU), pulled off a new trick from the ever-growing trove of corporate subterfuge. Peabody created a new entity that it named Patriot Coal and moved more than $2 billion in retirement and environmental obligations into the new subsidiary. Patriot Coal, shortly thereafter, filed for bankruptcy, making Peabody the energy sector’s pioneer of this new type of malfeasance. And now a host of oil companies have borrowed a leaf from Peabody’s playbook with…

Hence then, the article about bankruptcy a cheap way out of trouble for oil companies was published today ( Thursday 17/06/2021 - 02:01 AM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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Last updated : 17 June 2021 clock 02:01 AM

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Bankruptcy: A Cheap Way Out Of Trouble For Oil Companies ...Middle East

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