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Selenium Risk at Alpha Natural Resources' Mountaintop Removal Mines

Insight from the Patriot Coal Bankruptcy and Regulatory Monitoring Data
Main
Dodgy deals
By Rainforest Action Network | San Francisco, Feb 5 2013

This is the first installment in a new series of research updates by the Rainforest Action Network on the environmental and social risks involved with investment in the coal industry. These updates will highlight emerging risks facing companies involved with coal extraction, processing, or combustion.

In this update, we analyze environmental compliance risks at Alpha Natural Resources related to selenium emissions at the company's surface mines.

The report's key findings include the following:

  • Alpha Natural Resources faces several ongoing environmental lawsuits at its surface mines in Appalachia, including five separate lawsuits filed in 2012 alleging selenium contamination from mine water discharges.
  • Selenium compliance costs at surface mines can be significant.Selenium remediation expenditures at the surface mines at one of Alpha's peers, Patriot Coal contributed to a fivefold increase in the company's asset retirement obligations from $134 million to $743 million between 2007 and 2012.
  • Selenium emissions at Alpha's surface mines may pose risks for investors. West Virginia regulatory enforcement data indicates that Alpha's selenium compliance record raises concerns for investors in light of the company's exposure to selenium-related lawsuits.
  • The bankruptcy of Patriot Coal illustrates the danger of managing selenium compliance in the courtroom rather than in the boardroom.Improved disclosure by Alpha would enable investors to better understand its selenium-related litigation risks and compliance strategy.

Download the report here.

 

contact

Ben Collins, Rainforest Action Network

Ben@ran.org

t:001 415 659 0514

Rainforest Action Network Website

Mountain top removal coal mining
United States
Mountain top removal (MTR) mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1,000 feet off the tops of mountains order to…
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