January 15, 2016

TAX WHAT YOU DON'T WANT:

Things Just Got Even Worse For Coal (Tim McDonnell, Jan. 15, 2016, Mother Jones)

Just a few days after President Barack Obama promised new actions on climate change during in his final State of the Union address, his administration has unveiled a sweeping overhaul of how coal can be extracted from federal land.

Interior Secretary Sally Jewell announced on Friday that she was placing a moratorium on new coal mining leases on public land and that her department would begin a multiyear review of how those lease contracts are awarded. The policy change is likely to make the leases more expensive for mining companies, to generate increased royalties for the government, and to offset the damage coal production and consumption do to the environment.

"We haven't done a top-to-bottom review of the coal program in 30 years," Jewell told reporters. She added that her department will search for ways "to manage [coal] in a way that is consistent with the climate change agenda."

Always bet on the Commander in Chief over General Moroni.

Posted by at January 15, 2016 1:20 PM

  

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