Peabody Will Disclose Coal Risks To Investors, But Of Course No Fine, No Admission, No Sanction

[hatrack]

he world's largest publicly-traded coal company has agreed to make fuller public disclosures about the risks climate change poses to its business in a settlement of charges that it misled investors and the public.

Peabody Energy (BTU) reached the settlement after a two-year investigation found the St. Louis-based company's public statements about the potential economic impact of climate change didn't always square with the firm's internal financial projections, the New York Attorney General Eric Schneiderman said Monday.

Peabody shares closed up 3.43% at $15.09. The coal giant's stock has lost more than 87% of its value since a Feb. 25 high of $118.95-a-share amid a global plunge in energy prices.

EDIT

The coal giant in a statement stressed that "there is no other action associated with this settlement, no admission or denial of wrongdoing and no financial penalty." Peabody also said "the company has always sought to make appropriate disclosures."

EDIT

http://www.usatoday.com/story/money/2015/11/09/peabody-energy-climate-settlement/75445914/

[Nihil]

1. ... just the same old lies as before ...

> "no admission or denial of wrongdoing"
> "no financial penalty"
> "the company has always sought to make appropriate disclosures."

and, of course,

> "no other action"

(i.e., other than sitting on their fat arses in the country club with their fully-owned
politicians, governors & judges, laughing over the usual "drinks with the boys&quot