Why Peabody Scrapped $800 Million Junk-Bond Sale

The video discusses Peabody Energy's decision to scrap an $800 million junk bond sale due to investor pushback on coal investments. This move reflects a broader trend of declining interest in coal, driven by ESG criteria and a shift away from thermal coal. Investors like Kevin Loom express discomfort with coal investments, citing both financial and ethical reasons. The video also highlights Murray Energy's financial struggles, as their bonds have become nearly worthless, prompting potential debt restructuring. Overall, the bond market's response to climate change and the decline in coal usage is evident.

What are the implications of Murray Energy's bond performance on the coal industry?

In what ways are companies moving away from coal, according to the discussion?