Canary in the Coal Mine: New York AG Probe of Peabody Energy Attacks Securities Disclosures

According to the Mine Safety and Health Administration:

Carbon monoxide, a potentially deadly gas devoid of color, taste or smell, can form underground during a mine fire or after a mine explosion … . [B]efore the availability of modern detection devices …[c]anaries…were used to alert miners to the presence of the poisonous gas. …. Any sign of distress from the canary was a clear signal that the conditions underground were unsafe, prompting a hasty return to the surface.¹United States Dep’t of Labor, Mine Safety and Health Administration — MSHA, A Pictoral Walk Through the 20th Century: Canaries, ...