President Donald Trump has been offering coal companies everything under the sun –- fewer regulations, more land to mine, a freer pass from concerns about climate change. The combination, he says, will put coal miners back to work.
But the nation’s biggest coal miner, Peabody Energy Corp., is touting a less grandiose strategy. It’s no longer looking -- or expecting -- to boost coal output significantly, said Chief Executive Officer Glenn Kellow Tuesday, after his company emerged from yearlong bankruptcy. Instead, he’s focused on a narrower objective: simply making money.