One of Australia's dirtiest power plants will be shuttered as it is no longer economically viable, its owner said Thursday, in a move hailed by environmentalists.
Peabody Energy, the largest US coal miner, filed for bankruptcy Wednesday, battered like the rest of the industry by competition from cheap natural gas and a push for cleaner energy.
Global demand for energy will rise by 25% between 2014 and 2040, ExxonMobil has said in its latest energy outlook.
