Source

NMA president fights to keep coal industry afloat in the West

National Mining Association (NMA) President and CEO Hal Quinn recently encouraged the U.S. Department of the Interior on Monday to keep coal lease sales on federal land unchanged because the price is fair to taxpayers.

“There is no compelling need for a moratorium to ‘fix’ a program that isn’t broken,” Quinn said. “The current program is more than fair to taxpayers. In fact, the 12.5 percent royalty paid on coal leased from federal land is approximately 40 percent higher than royalty rates paid by coal mined on private land in coal states. On top of the royalties they pay to mine federal coal, companies also pay bonus bids and additional fees that together provide taxpayers 39 cents of every dollar of coal sales.”

Quinn’s statement came in response to a new moratorium issued by the Department of the Interior on new coal lease sales from federal land. Several public comment meetings were held in Wyoming to address the proposed shift, which Quinn said would keep coal in the ground and negatively impact the mining industry in rural communities in Montana, Wyoming and North Dakota.

Quinn argued that coal mining on federal sites in the West has not resulted in off-site impacts, and encouraged the organization to keep prices as they are. According to Quinn, the Interior Department’s deputy inspector general stated that prices were fair and higher than market value in 2013.

Tags: Coal
Jessica Limardo

Recent Posts

Biden Administration provides guidance on Qualifying Advanced Energy Project Tax Credit

The Department of Energy (DOE), along with U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued guidance…

22 hours ago

Ameren Illinois to upgrade underground natural gas storage fields for reliability assurance

In a bid to diversify its energy portfolio and improve winter reliability, Ameren Illinois recently announced plans to upgrade infrastructure…

22 hours ago

Duke Energy completes upgrades to pumped storage facility in South Carolina

Duke Energy finished upgrades to the four units at the Bad Creek pumped storage facility in Salem, S.C., adding 320…

22 hours ago

WEC Energy Group to secure 90 percent ownership of 300 MW Texas solar project

The Delilah I Solar Energy Center in Dallas, Texas will soon gain a new majority owner, ahead of its June…

22 hours ago

Vogtle Unit 4 nuclear power plant enters commercial operation in Georgia

Plant Vogtle Unit 4 officially entered commercial operation this week and is now serving customers in the state of Georgia,…

2 days ago

Auburn University, Oak Ridge National Lab to create pilot SE Regional Cybersecurity Collaboration Center

Thanks to a $10 million grant award from the U.S. Department of Energy (DOE), Auburn University’s McCrary Institute for Cyber…

2 days ago

This website uses cookies.