Skip to comments.
Coal industry could leave U.S. taxpayers with major bill
Reuters ^
| 12-9-15
| Patrick Rucker
Posted on 12/09/2015 10:54:36 AM PST by The_Media_never_lie
WASHINGTON, Dec 9 (Reuters) - U.S. taxpayers could be left with multibillion-dollar liabilities if large coal companies are pushed to bankruptcy, the Interior Department Secretary said on Wednesday.
At issue is a practice known as self-bonding, allowed under a decades-old mining program, in which some of the country's biggest coal companies forego insurance on a portion of future mine cleanup costs.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: coal; coalindustry; epaoutofcontrol; insanity; obama; stupidity; waroncoal
The Obama Administration is alarmed, but offered no plans to protect taxpayers.
What exactly did they expect to happen if they drive these companies out of business? These guys are beyond incompetent; they are malevolent!
There are only a few coal companies still in business.
To: The_Media_never_lie
The clowns need to back off! Coal is one of the best cheapest forms of energy we have. We are killing ourselves to chase a retarded green dream.
2
posted on
12/09/2015 10:57:09 AM PST
by
vpintheak
(Death before disarmament!)
To: The_Media_never_lie
They had good intentions so that’s all that counts.
Another case of unintended consequences.
3
posted on
12/09/2015 10:57:13 AM PST
by
EQAndyBuzz
(Islam is the military wing of the Communist party.)
To: The_Media_never_lie
These guys are beyond incompetent; they are malevolent! The only thing worse, is that they are simultaneously killing the lead industry.
4
posted on
12/09/2015 10:58:45 AM PST
by
C210N
(When people fear government there is tyranny; when government fears people there is libertye)
To: The_Media_never_lie
Don't worry. The EPA knows how to clean up old mines in an environmentally safe manner.
5
posted on
12/09/2015 11:03:30 AM PST
by
henkster
(Never elect a president with unresolved mommy issues.)
To: EQAndyBuzz
Obola’s Washington has NO intentions but BAD intentions for “America” as we knew it.
6
posted on
12/09/2015 11:04:20 AM PST
by
Robert A Cook PE
(I can only donate monthly, but socialists' ABBCNNBCBS continue to lie every day!)
To: The_Media_never_lie
Obama is just keeping a campaign promise to bankrupt the coal industry.
7
posted on
12/09/2015 11:41:57 AM PST
by
griswold3
(Just another unlicensed nonconformist in am dangerous Liberal world.)
To: griswold3
Obama is just keeping a campaign promise to bankrupt the coal industry.The deeming of CO2 as a pollutant caused untold waste. And it had to be done right away, pronto, before people realized what they were doing.
Obama is President Trainwreck.
8
posted on
12/09/2015 1:16:49 PM PST
by
The_Media_never_lie
(The Bush family needs to just go away. The Clinton family needs just to go to prison.)
To: The_Media_never_lie
We all exhale CO2, so we’re all criminals.
But pardon my ignorance, what exactly needs to be cleaned up after a coal mine?
I assume this refers to strip mining - is it enough to just put soil on top? I’m guessing no.
To: scrabblehack
I remember Copper Hill Tennessee, and the Haile Gold Mine, SC as a teenager (65 now). Before reclamation. Red hills, Red pools of water, grew about as much vegetation as face of the moon. After reclamation, they are grassy meadows.
I presume reclamation mainly means smoothing strip mined landscape and planting that which will grow.
Strip mining is an ugly business, regardless.
10
posted on
12/09/2015 6:53:56 PM PST
by
The_Media_never_lie
(The Bush family needs to just go away. The Clinton family needs just to go to prison.)
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
