Patriot Coal Files For Chapter 11 Bankruptcy

from National Public Radio

Demand for coal is at its lowest point in more than two decades. That's in part because of milder winters and a shift to cheaper natural gas. Coal companies are also facing tough new rule proposals from the Environmental Protection Agency for building new coal-fired power plants. Shares for most coal producers have taken a big hit because of these factors and the slow global economy.

Broadcast Dates

• Morning Edition, July 10, 2012