Peabody Energy Corporation, previously Peabody Coal Company, is the...
Peabody Energy Corporation, previously Peabody Coal Company, is the largest private-sector coal company in the world as well as the largest producer of coal in the U.S. In 2010, Peabody sold over 246 million tons of coal, generating $6.9 billion in total revenue. The company's coal fuels approximately 10% of the electricity generated in the United States and 3% of electricity generated throughout the world. Peabody sells coal to over 345 electricity generating and industrial plants in 15 countries. It holds majority interests in 40 coal operations located throughout the United States and in Australia and Venezuela. In the United States, company-owned mines are located in Wyoming, Colorado, Arizona, New Mexico, Illinois, and Indiana. Between 2000 and 2011, Peabody expanded its production at existing mines by 56%, or 62 million tons.
Peabody profited over $774 million in 2010; the company made over $2.4 billion from 2005-2009.US
Peabody currently funds several 'clean coal' initiatives and has, according to a leaked memo, attempted to use clean coal to distract the populace from passing climate change legislation.
Newsweek magazine ranked Peabody 493rd out of 500 in their 2012 Green Rankings due to the environmental impacts of extracting and burning coal, and for Peabody’s dismissive attitude toward environmental stewardship.
Membership in front groups:
Peabody is a member of the American Coalition for Clean Coal Electricity, a publicity front group for the coal industry heavily embedded in the climate denial machine. ACCCE spent over $19 million on federal lobbying from 2008-2012.
Peabody is a member of the American Legislative Exchange Council (ALEC) and part of ALEC's Energy, Environment and Agriculture task force. Through ALEC, Peabody works with state legislators to distribute anti-environmental model bills across the country that delay policy solutions to climate change, block clean energy, prevent EPA from regulating coal pollution, fasttrack coal mining projects and other dirty energy initiatives.
Peabody has spent over $37 million on federal lobbying since 2008, and another $690,000 on federal political candidates and committees from the 2008 election cycle to 2012.