![]() ![]() Clifford Forrest, president of Rosebud Mining Corporation.īarrett notes that separate West Virginia filings also list Forrest as the manager of two of the companies that merged with Freedom last month.įorrest and Rosebud are heavy political donors. ![]() Chemstream Holdings is owned by Pennsylvania coal magnate J. ![]() The company, first founded in 1986, merged with several other small operators on December 31, just weeks before the spill.Īccording to The Wall Street Journal, a company called Chemstream Holdings paid $20 million and is now the sole owner of Freedom Industries. It also provided new insight into the previously murky ownership of Freedom Industries, and a sense of what the company’s foreclosure strategy may look like.Īs Bloomberg Businessweek’s Paul Barrett wrote, it “took some detective work” to figure out exactly who owns Freedom Industries. The filing set off a battle between several private companies trying to avoid liability for the damages suffered by West Virginians. Last Friday, as lawsuits piled up over the chemical spill that left hundreds of thousands of West Virginia residents without potable water for days, Freedom Industries, the company responsible for the leak, declared bankruptcy. Crews clean up a chemical spill along the Elk River in Charleston, W.Va., which compromised the public water supply of eight counties on Thursday, Jan. ![]()
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