Coal Companies See Increase in Climate and Energy-Related Shareholder Resolutions
Ceres reported that 2011 has already set a record for shareholder engagement in the energy sector, with several dozen resolutions filed so far.
Ceres reported that 2011 has already set a record for shareholder engagement in the energy sector, with several dozen resolutions filed so far.
Bloomberg.com reports that Kentucky lobby groups are demanding higher payment from International Coal Group(NYSE:ICO) and Frasure Creek Mining for violations of the Clean Water Act.
International Coal Group (NYSE:ICO) announced pricing for a registered underwritten offering of 12,268,700 and 22,577,800 shares of their common stock
We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.
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