Company News

Peabody Position Statement on Proposed Clean Energy Standard for St. Louis

St. Louis and Missouri enjoy some of the lowest electricity costs in the nation, benefiting from a resilient and reliable energy portfolio with diversity of fuels. We caution against artificial renewable standards that will increase costs and reduce reliability. Consider California, which is transitioning to renewables, where consumers pay nearly 60 percent more to power their homes than we do in Missouri. Technology is the better approach for environmental improvements. Since 1970, key U.S. regulated emission rates decreased nearly 92 percent as coal used for electricity has increased 75 percent.

Peabody is the leading global pure-play coal company and a member of the Fortune 500, serving power and steel customers in more than 25 countries on six continents. The company offers significant scale, high-quality assets, and diversity in geography and products. Peabody is guided by seven core values: safety, customer focus, leadership, people, excellence, integrity and sustainability.