Massey (NYSE:MEE) CEO Says Government Lying in Mine Investigation

Massey Energy chief executive officer Don Blankenship the Mine Safety and Health Administration, saying the isn't even attempting to seriously investigate the Upper Branch mine explosion which killed 29 workers.

More than that though, Blankenship said they're outright lying in an attempt to win publicity wars, rather than perform a legitimate investigation into the matter.

Massey and Blankenship contend the methane involved with the incident leaked in through a floor crack, which resulted in the safeguards in place being overwhelmed. For example, ventilation equipment.

On the other hand, the MSHA set forth a new regulation which requires mines to better manage the coal dust, focusing on that while dismissing the methane issue.