Adani and Shenhua are still pursuing their spanking new coal projects, Walter-Mitty-like, while the financial position of established coal juggernaut Peabody Energy has become ever more parlous. Now in Chapter 11 bankruptcy, the US coal group just released its first-quarter results, which show losses running at more than $100 million a month. As its pre-tax losses doubled … Continue reading Coal woes push Peabody Energy to brink