Anybody with even a cursory knowledge of energy markets can guess the biggest energy bankruptcy in history: That would be Enron, the former "energy trading" firm that used accounting fraud to achieve high share prices, media accolades, and small fortunes for a few key executives.
But even aside from Enron, the energy industry has had several bankruptcies that ran into the billions of dollars. A report in Oilprice.com compiles the 10 biggest energy company bankruptcies of all time, ranked by total assets.
No single segment of the energy industry dominates list—besides Enron, the Oilprice list includes utilities, a major oil company, an offshore driller, coal miners, natural gas companies and a Chinese solar power firm.
Together they account for the "bankruptcies that will be etched into the tombstones of failed energy fortunes for time immemorial," the report says.