Study: U.S. Coal-Mining Companies Are Dependent on Cheap Federal Coal

first_img FacebookTwitterLinkedInEmailPrint分享Phil McKenna for InsideClimate News:The top three coal companies in the U.S. mine the majority of their coal, as much as 88 percent of their total production, from land owned and leased by the federal government, according to a report published Wednesday by the environmental group Greenpeace.The report, which detailed the companies’ dependence on subsidized, government-owned coal, came two months after Arch Coal, the second largest U.S. coal producer, filed for bankruptcy. On Wednesday Peabody Energy, the world’s largest private sector coal mining company, said in a financial report that it may also seek bankruptcy protection.Greenpeace obtained the information through a public records request for information about federal coal production for each of the companies and their subsidiaries in 2014. The group then compared this information to each company’s total coal production. The report added to existing knowledge of industry’s reliance on subsidized coal from federal lands or coal that is otherwise owned by the U.S. government.The report found that each of the three companies rely on federal coal for more than two-thirds of their production. Two of the companies, Cloud Peak Energy and Arch Coal, get more than 80 percent from federally leased land. At the same time, the companies have tried to block federal policies that threaten this business model.“These companies are attacking climate change policies, clean air rules, clean water rules and decry a so called ‘war on coal,’” said Joe Smyth, Greenpeace spokesperson and author of the report. “At the same time they depend to a huge extent on federal coal.”Government watchdogs said the report shines a light on longstanding policies favorable to coal companies. The federal government has provided the coal industry with more than $70 billion in tax breaks and subsidies since 1950, according to a 2009 report by Taxpayers for Common Sense. For years, companies have been granted access to the country’s immense public-land coal resource at prices well below market value. Study: U.S. Coal-Mining Companies Are Dependent on Cheap Federal Coallast_img read more

West Ham and Newcastle locked in transfer battle for Mexico international

first_img 1 However, both Premier League sides will have to compete with Super Lig side Fenerbahce.According to Sky Sports News, the versatile defender already has on offer on the table from the Turkish giants.Reyes joined Porto from Mexican side America for €7million in 2013 and made 49 appearances for the Portuguese side.The 25-year-old had two spells on loan in La Liga, with Real Sociedad in 2015/16 and Espanyol in 2016/17. The 25-year-old was part of Mexico’s FIFA World Cup Squad in Russia center_img Newcastle United and West Ham United are both vying to sign free agent Diego Reyes.The Mexico international, who has 53 caps to his name, is available for nothing after his contract at FC Porto expired earlier this month.last_img read more