emissions of greenhouse gases, including emissions of carbon dioxide from coal combustion by power plants.” 222 “Numerous activist groups are devoting substantial resources to anti-coal activities to minimize or eliminate the use of coal as a source of electricity generation, domestically and internationally, thereby further reducing the demand and pricing for coal, and potentially materially and adversely impacting our future financial results, liquidity and growth prospects. Several non-governmental organizations have undertaken campaigns to minimize or eliminate the use of coal as a source of electricity generation in the U.S. and across the globe. In an effort to stop or delay coal mining activities, activist groups have brought lawsuits challenging the issuance of individual coal leases, and challenging the federal coal leasing program more broadly. Other lawsuits challenge historical and pending regulatory approvals, permits and processes that are necessary to conduct coal mining operations or to operate coal-fueled power plants, including socalled ‘sue and settle’ lawsuits where regulatory authorities in the past have reached private agreements with environmental activists that often involve additional regulatory restrictions or processes being implemented without formal rulemaking.”223 “Peabody is an industry leader in advocating and collaborating to advance development and deployment of clean coal technologies. There are two core steps toward this goal: 1) Use commercially available high-efficiency, low-emissions (HELE) coalfueled generation technologies to drive down carbon dioxide (CO2) levels and regulated emission rates. 2) Advance research and development initiatives as well as policies to improve and commercialize next-generation carbon capture, use and storage (CCUS) technologies, which offer the potential to achieve near-zero emissions from coal-fueled power generation and other industrial processes. With technology available today, HELE coal-fueled power plants can considerably reduce emissions from power generation. For example, building a supercritical or ultrasupercritical power plant instead of a subcritical plant of the same size can reduce CO2 emissions by 20 to 30 percent.”224 “Peabody believes that next-generation carbon capture must be brought to commercial readiness to transition toward energy from coal that is near-zero emissions. While it is clear that achieving a low-carbon future comes at a very high price, that price soars higher if carbon capture is not deployed. Government studies Peabody Energy Corp. (2018), Delivering Results, Generating Value: 2018 Annual Report, p. 34, available at https://www.peabodyenergy.com/Peabody/media/MediaLibrary/Investor%20Info/Annual%20Reports/2018Peabody-Annual-Report-02.pdf?ext=.pdf (last accessed on 12 September 2019). 223 Id. 224 Peabody Energy Corp. (2017), Corporate and Social Responsibility Report, p. 21, available at https://www.peabodyenergy.com/Peabody/media/MediaLibrary/Media%20Center/CSR%20web%20photos/Peabody _CSR2017.pdf (last accessed on 12 September 2019). 222 Annex D: Corporate Statements on Climate Change and Human Rights | 58