When A Coal Mine Shuts Down, Locals Get The Shaft
Big Take
00:00
How Did Alpha Get Out of Bankruptcy?
The coal industry went broke in the mid-2000s because of cheaper competition from natural gas. Alpha transferred all these mines to a smaller company that was going to clean them up. That ended up being a great deal for Alpha as it's now a publicly traded company again and can tell its investors, look, we don't have this legacy obligation of uncertain costs.
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