Meter Reading: Range Resources Sued for Contamination, Coal Under Siege, and More
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Is coal on its way out?
Washington County families sue over fracking, water testing – “Three Washington County families claim in a lawsuit that they face serious health problems, including a heightened risk of cancer, due to exposure to toxic spills, leaks and air pollutants from a Range Resources Marcellus Shale gas site.” – Pittsburgh Post-Gazette
Even in Kentucky, Coal Industry Is Under Siege – “Now, coal is in a corner. Across the United States, the industry is under siege, threatened by new regulations from Washington, environmentalists fortified by money from Michael R. Bloomberg, the billionaire mayor of New York City, and natural gas companies intent on capturing much of the nation’s energy market.” – New York Times
Chesapeake Valuation Seen Luring Major Oil Merger Deal – “Chesapeake Energy Corp. (CHK)’s depressed valuation is making the company a potential target for acquirers willing to bet that natural-gas prices will rebound from a decade low.” – Bloomberg