The Obama administration is looking at raising the rock-bottom coal royalty rates companies pay to extract coal from public lands.
On Thursday, the Interior Department announced a schedule of five listening sessions it will host around the country focused on ensuring “that American taxpayers receive a fair return on the coal resources managed by the federal government on their behalf,” addaccording to a press release. The sessions will be held in Colorado, New Mexico, Montana, Wyoming, and Washington, DC through July and August, and meetings in D.C. and Denver will be available to livestream on the Bureau of Land Management’s website.
“As I’ve said, it’s important to have an honest and open conversation about modernizing the federal government’s coal program,” Interior Secretary Sally Jewell said in the release. “I have heard many concerns about how the federal government leases coal, the amount of royalty charged and whether taxpayers are getting a fair return from public resources. These listening sessions are an opportunity to better understand how taxpayers, stakeholders and local communities perceive the federal government’s coal program today and how we can improve and strengthen it for future generations.”
Read more at Obama Administration Takes Next Step on Raising Rock-Bottom Coal Royalty Rates
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