The U.S. derives 49 percent of its electricity from coal. China has been erecting 2 gigawatts worth of power plants a week, according to an oft-heard stat, and most of them run on coal. In 2007, Peabody garnered $4.6 billion in revenue and $421.3 million in net income. And prices for coal are rising.
Boyce, CEO of Peabody, also clearly wants you to know that his company and the coal industry understand the implications of carbon dioxide emissions. ... Full Story »