King Coal

Having learned how by stealing General Motors from stockholders like thee and me, Mr. Obama has now done the same to the coal industry: he broke it and is handing it to his supporters.

“Filings with the Securities and Exchange commission show that between April and June this year Soros Fund Management (SFM) bought more than 1 million shares in Peabody, the world’s largest private coal company, and 500,000 shares in Arch.”

In 2009, Mr. Soros pledged to spend $1 billion of his own money on renewable energy at Al Gore’s urging and funded the Far Green “Climate Policy Initiative” thinktank. At the time, he said: “There is no magic bullet for climate change, but there is a lethal bullet: coal.”

A spokesman for SFM declined to comment on the investments. Wotta surprise.

 

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