Like many of its member companies, the World Coal Association, the global coal industry’s London-based lobby group, was hit hard by depressed coal markets and ran at a loss last year. For the WCA’s fiscal year, whichh ended in September 2015, the nonprofit company, which had income of $1.7 million fran up a loss of $108,000. Much of that loss was due to large payouts it made to executives. Nearly 75 percent of the organization’s staff expenses were paid to its outgoing and new CEO, who combinded received more than $831,000 in pay.

– via Endcoal.org / Bob Burton

Share This