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bankruptcy

As Harsh Financial Realities Emerge, St. Croix’s Limetree Bay Refinery Could Be Facing Bankruptcy

The recently reopened Caribbean oil refinery hasn’t made loan payments in over a year, investors are backing out and residents are envisioning an economy without it.

By Kristoffer Tigue

The twin towers of the coker at the sprawling Limetree Bay refinery in St. Croix. Since February when the refinery restarted after an eight-year hiatus, problems with the coker and other processing units have created massive amounts of pressure inside the refinery, causing flares of oil and toxic emissions that have sickened downwind neighbors within seven miles. Credit: Patricia Borns
Philanthropist Warren Buffett is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes Media Centennial Celebration at Pier 60 on September 19, 2017 in New York City. Credit: Daniel Zuchnik/WireImage via Getty Images

Inside Clean Energy: Warren Buffett Explains the Need for a Massive Energy Makeover

By Dan Gearino

Unemployed Blackjewel coal miner David Pratt holds his daughter Willow as he walks across railroad tracks that lead to one of the company's mines near Cumberland, Kentucky in 2019. Blackjewel miners found themselves unemployed when the company declared bankruptcy and the workers' final paychecks bounced, leading them to blockade the tracks to prevent the train carrying the mine's final shipment of coal from leaving until they were paid their wages. Credit: Scott Olson/Getty Images

Blackjewel’s Bankruptcy Filing Is a Harbinger of Trouble Ahead for the Plummeting Coal Industry

By James Bruggers

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