Coal giant Peabody faces federal scrutiny over clean-up insurance

Coal giant Peabody Energy has been among the harshest critics of federal energypolicies, joining a court challenge to the Obama administration's new clean air regulations and denouncing its promotion of renewable fuels. But there is one government program that Peabody has relied on for years: the practice known as "self bonding" that gives coal companies a discount on insuring their clean-up costs in case of bankruptcy.
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