Replies to post #2747 on Peabody Energy Corporation (BTU)

[Crusen]

Where we are in the science re: hedge funds:

Teck Resources Ltd. has been targeted by a hedge fund shareholder that’s pushing the underperforming Canadian miner to divest its energy and coal businesses and consider replacing long-standing Chief Executive Officer Don Lindsay.

Tribeca Investment Partners said making those changes and pivoting to a pure base metals miner would improve Teck’s environmental credentials and could lead to a six-fold share gain over the next year. The company should also scrap its dual-class shares to boost returns, the Australian fund with US$1.6 billion in assets said in a letter to the board.

https://financialpost.com/commodities/hedge-fund-pressures-teck-to-abandon-oil-replace-ceo-lindsay


We know that coal represents an existential threat to humanity.

Some simply lack the character to be honest about this, because they have sold their souls.

Curiously, they opt for the poverty and mortality brought by dirty and deadly, archaic energy forms.