Mr. Coal goes down and the media want us to cry over his breathing difficulties. What do you want to bet it ain’t black lung. This is the guy who pioneered Mountain Top Removal. This is the guy that was responsible for the biggest mine disaster in recent history that killed men and women. This is the guy who got Trump to be “Pro Coal” and roll back environmental regulations that have poison our air. Now people’s pensions are threatened. It doesn’t get nastier than this.
https://www.cnn.com/2019/11/01/business/murray-energy-coal-bankruptcy-pension/index.html
‘Nervous and scared.’ Coal workers fear for pensions after Murray Energy bankruptcy
New York (CNN Business)Tom Kacsmar worked underground at a coal mine for nearly four decades. The promise of a decent pension and healthcare for life kept him at this dangerous job.
Now, Kacsmar fears those benefits will get washed away by the bankruptcy of Murray Energy, America’s largest private coal mining company.
“I was a proud, hard-working coal miner my entire life. With the stroke of a pen, they’re going to cut my healthcare,” the 76-year-old retiree told CNN Business.
Kacsmar never worked a day for Murray Energy, the mining giant founded by coal king Robert Murray. But like countless other retirees, the fate of his benefits is inextricably linked to the company, which is seeking to “dramatically” slash its liabilities, including $8 billion of pension and retiree healthcare obligations.
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Go there and read. More next week. Coal is dying. YAA
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