by Justin Spittler
The last pillar of America’s coal industry has fallen…
Yesterday, Peabody Energy (BTU), the largest U.S. coal miner, filed for bankruptcy. Its stock has stopped trading on the New York Stock Exchange.
Peabody was the last major U.S. coal miner still standing. Arch Coal, Alpha Natural Resources, Patriot Coal, and Walter Energy all filed bankruptcy within the past year.