In a move that has environmentalists hunting for graves to dance on, Peabody Energy, the world’s largest private-sector coal company, has filed for bankruptcy.

It’s the fourth major U.S. coal company to go bankrupt in the last year. The dirtiest fossil fuel sector has been hit hard by the natural gas boom and dropping prices for renewables. Further adding to coal’s woes are Obama’s pending Clean Power Plan and aggressive anti-coal organizing by climate activists.

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