Claim: Due to fossil fuel divestment, the Carbon Tracker Initiative found that between 2010 and 2015 the US coal sector had lost 76% of its value including Peabody Energy which had lost 80% of its share price and was removed from S&P 500 in 2014.
Evidence: A report by the Carbon Tracker Initiative found that between 2010 and 2015 the US coal sector had lost 76% of its value including the closure of 200 mines. It found that Peabody Energy, the world's largest private coal mining company, had lost 80% of its share price over this time. After being named to Fortune Magazine's list of America's Most Admired Companies in 2008, Peabody saw $787 million of losses, was removed from S&P 500, and had its ratings downgraded to "underperform" and "negative" by Goldman Sachs, Standard & Poor, Bank of America, and others in 2014.