Peabody Energy
NYSE: BTU10Greenwashing / Harmful· ProvisionalThe world's largest private-sector coal company, producing thermal and metallurgical coal from mines in the US and Australia.
Why it's on ClimateTicker
Peabody Energy is the world's largest private-sector coal company — a core fossil-fuel extractor whose product is a leading driver of global greenhouse gas emissions. Its inclusion on any climate platform is solely as a negative benchmark or 'what to avoid' case: no amount of incremental operational efficiency or marginal GHG reduction targets changes the fundamental reality that its business model is structurally incompatible with a 1.5°C pathway. Investors should treat its ESG disclosures with deep skepticism given a documented history of climate denial funding and misleading public statements.
Controversy & Greenwashing Watch
A 2026 securities class action alleges Peabody made materially false and misleading statements to investors about the operational status and production capabilities of its Centurion metallurgical coal mine in Queensland.source ↗
Peabody pled guilty in 2024 to multiple charges of water pollution and failure to maintain equipment at its Metropolitan Mine in New South Wales after stormwater discharges in 2021–2022.source ↗
Multnomah County, Oregon sued Peabody and other energy producers for allegedly causing a deadly 2021 heat event; Peabody was dismissed without prejudice in July 2024.source ↗
Bankruptcy filings revealed Peabody funded dozens of climate denial groups, think tanks, lobbyists, and individual scientists to obstruct climate action, while publicly denying awareness of climate regulatory risk.source ↗
Peabody filed for Chapter 11 bankruptcy in 2016, with subsequent court disclosures revealing the full scale of its covert funding of climate disinformation campaigns.source ↗
The British Advertising Standards Authority ruled that Peabody must withdraw misleading advertising claims about 'clean coal.'source ↗
Peabody settled with the NY AG after an investigation found it had made false and misleading statements to investors and the public about climate-related financial risks, knowing internally that regulation would severely impact its business.source ↗
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