This is consistent with several other reports.  Big coal companies spent billions buying up coal reserves on the assumption that demand would continue to grow, but instead, they were left holding stranded assets now worth pennies on the dollar.  But rather than admit they made a bad investment and have bankrupted themselves from the debt service on investments that are not earning any revenue, it is easier to blame Obama and the "War on Coal".  That way, they can loot the miner's pension funds while giving themselves bonuses for their business decisions.

JBK