Analysis of Peabody Energy court documents show company backed trade groups, lobbyists and think tanks dubbed ‘heart and soul of climate denial.’ The company has funded at least two dozen groups that cast doubt on manmade climate change and oppose environment regulations.
Peabody Energy is the euphemistically deceptive name for the biggest coal mining company in the United States (but hey, Peabody Coal sounds dirty, so voila, it's Peabody Energy). On April 11, 2016 the firm declared Chapter 11 bankruptcy, which meant in order to avoid paying their debts they had to file substantial financial records with the courts. Those records, like other bankruptcy filings for other companies before them, have documented how Peabody and other fossil fuel companies and their lobbyists have funded the denial of climate science for decades.
Among the deniers being funded by Peabody Energy are:
- Center for the Study of Carbon Dioxide and Global Change (aka, CO2 Science), who routinely promotes the benefits of CO2 to plants while dismissing the warming impacts.
- American Legislative Exchange Council (ALEC), the infamous conservative legislation-writing lobbying firm responsible for blocking renewable energy and blocking emissions control efforts.
- Americans for Prosperity chapters, which is a Koch lobbying firm and conservative lobbyist.
- George C. Marshall Institute, the lobbying group started by Reagan appointees and involved in every instance of science denial since the 1980s.
- Richard Lindzen, formerly of MIT but now paid by the Cato Institute, a libertarian lobbyist.
- Willie Soon, the infamous provider of "deliverables" to ExxonMobil and the American Petroleum Institute
- Roy Spencer, whose recent work, like Lindzen's, seems to have difficulty standing up to scientific scrutiny. Spencer, of course, is also on the Board of the aforementioned George C. Marshall Institute.
Peabody's reach was extensive:
“The breadth of the groups with financial ties to Peabody is extraordinary. Thinktanks, litigation groups, climate scientists, political organisations, dozens of organisations blocking action on climate all receiving funding from the coal industry,” said Nick Surgey, director of research for the Center for Media and Democracy.
Peabody Energy and Alpha Natural Resources are not alone in funding climate denial. Records show that Exxon was well aware that fossil fuel burning was causing man-made global warming as far back as the 1960s. They initially undertook an extensive scientific program to determine the cause and effect, but after determining that the ramifications to their profit margins were significant, they shut down the program and instead invested in denying the science and funding climate denial and a broad network of lobbyists, front groups, and malleable scientists like Fred Singer and others. Collusion among the various lobbyists, key spokespeople, and media outlets also recently came to light.
The prior knowledge and then suppression of that knowledge by Exxon follows the playbook of the tobacco industry to deny smoking causes cancer. In both cases, corporate denial and subterfuge results in huge human health and environmental costs to society. The similarity to the tactics used by the tobacco industry is why once again many state attorneys general have banded together to launch investigations into Exxon's (now ExxonMobil) deceit. As a public company, stockholders have raised the questions to corporate executives of whether their knowledge and obfuscation endangers their stock holdings.
So once again fossil fuel interests have been caught paying for climate deniers to mislead the public and misrepresent the science, all to protect the profit margins of fossil fuel corporations. As these bankruptcies show, however, fossil fuels have peaked and businesses are failing due to a combination of mismanagement, fraud, and the higher and higher costs of trying to extract fossil fuels from ever more difficult locations. Still, these companies aren't going to give up their remaining profits without a fight, no matter how much deceit and collusion needed to do so.