Execs cashing out in coal bankruptcies, leaving taxpayers with cleanup costs

The New Republic: Around this time last year, Jeff Hoops—CEO of Blackjewel LLC—was having a busy week. On July 1, 2019, he filed for Chapter 11 bankruptcy, abruptly closing the company’s Bell Ayr and Eagle Butte mines in Wyoming and laying off 700 workers. Construction had by that point begun on a $30 million “first […]