ST. LOUIS (KMOX) – St. Louis-based Peabody Energy is one of two energy giants being investigated by the New York Attorney General’s office, for allegedly misleading investors about the causes and impacts of climate change, and the risks to their business.
The other company is ExxonMobil.
Peabody Energy reportedly confirmed the investigation in SEC filings.
According to a source, Peabody issued financial reports with false information about climate change and funded the denial science.
Peabody disclosed last year the New York Attorney General’s office sought similar documents in 2013. That year, Peabody published a study saying that the more CO2 in the air, the better plants and crops grow and calling a federal interagency study on climate change, “close to useless”.
Click here to see that Peabody report.
A Peabody spokeswoman says the company continues to work with the office, “Regarding our disclosures, which have evolved over the years.”
(TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2015 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)