ALBANY – Peabody Energy, the world’s biggest private-sector coal company, violated New York laws with misleading statements to investors and the public about the financial risks from climate change and potential regulatory responses, New York’s attorney general said Monday.
St. Louis-based Peabody didn’t admit or deny those findings in an agreement signed Sunday, but it did agree to revise its shareholder disclosures with the Securities and Exchange Commission to describe possible future reductions in projected demand for coal. The agreement doesn’t require the company to pay fines or reimburse New York for the cost of the investigation.
