For Fossil Fuel Companies, Bankruptcy Is a Bailout
Around this time last year, Jeff Hoops—CEO of Blackjewel LLC—was having a busy week. On July 1, 2019, he filed for Chapter 11 bankruptcy, abruptly closing the company’s Bell Ayr and Eagle Butte mines in Wyoming and laying off 700 workers. Construction had by that point begun on a $30 million “first phase” of the new Grand Patrician Resort he was building in his hometown of Milton, West Virginia, set to include a 3,500-seat replica of the Roman Colosseum. Within days, hundreds of Blackjewel miners... Читать дальше...