US Department of Interior

IEEFA Research

The Federal Government’s Coal-Leasing Program Is Broken: Here’s How to Fix It

Appoint a Price-Setting Commission; Ban Exports; Cancel Some Leases; Eliminate Self-Bonding; Mandate Set-Asides for Mine Clean-up and Miner Pensions; Require Twice-a-Year Audits; Assume Smaller Markets

It’s time for the U.S. to modernize how it manages its publicly owned coal reserves. That’s the essence of comments we’ve filed today with the Department of the Interior as it begins a review of its federal coal-leasing program in the Powder River Basin, a program that has been mismanaged for years at taxpayer expense […]

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Memo- Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program

Policy memo: Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program June 28, 2013 (pdf)

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Report- Almost $30 billion in revenues lost to taxpayers by “giveaway” of federally owned coal in Powder River Basin

Almost $30 billion in revenues lost to taxpayers by “giveaway” of federally owned coal in Powder River Basin (pdf) With almost no accountability, BLM failure created boom in electric power industry use of artificially cheap coal from Montana and Wyoming; Next major coal sale set for Thursday   WASHINGTON, D.C. – June 25, 2012 – […]

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More News and Commentary

Self-Bonding Leading to Environmental Hazards As Coal Company Bankruptcies Mount

By Mead Gruver in the Seattle Times: CHEYENNE, Wyo. (AP) — As more coal companies file for bankruptcy, it’s increasingly likely that taxpayers will be stuck with the very high costs of preventing abandoned mines from becoming environmental disasters. The question is not if, but when, where and how many more coal mines will close […]

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‘Obama Administration Coal Mining Review Could Reshape Long-Suffering US Industry’

BY Maria Gallucci in International Business Times: At a public hearing in Casper, Wyoming, this week, local coal miners and environmentalists squared off inside a spacious auditorium. Coal supporters slapped on stickers and bracelets reading “Friends of Coal” and hoisted posters saying “Coal = Jobs.” Coal’s critics dubbed themselves “Climate Voters” and passed out pamphlets warning that burning […]

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‘Concerned About Self-Bonding, Top Federal Mining Regulator Wonders About Collusion’

By Benjamin Storrow in the Casper Star Tribune: The top federal mining regulator expressed “grave concerns” with the country’s coal reclamation program on Wednesday and openly questioned whether states and mining firms were colluding to avoid their cleanup obligations. Joe Pizarchik’s comments represent a notable escalation in the debate over self-bonding, or coal companies’ unsecured […]

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Stakes Are High in Federal Review of Coal Lease Program

By Devin Henry in The Hill: Miners and Western Republicans are lining up against the Obama administration and environmentalists in what some consider the next front in the “war on coal.” Interior Secretary Sally Jewell announced a three-year moratorium on new coal leases on public lands in January, launching a review that could potentially result in mining companies paying  […]

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The Federal Government’s Coal-Leasing Program Is Broken: Here’s How to Fix It

Appoint a Price-Setting Commission; Ban Exports; Cancel Some Leases; Eliminate Self-Bonding; Mandate Set-Asides for Mine Clean-up and Miner Pensions; Require Twice-a-Year Audits; Assume Smaller Markets

It’s time for the U.S. to modernize how it manages its publicly owned coal reserves. That’s the essence of comments we’ve filed today with the Department of the Interior as it begins a review of its federal coal-leasing program in the Powder River Basin, a program that has been mismanaged for years at taxpayer expense […]

Read More →

Divestiture Movement, Deepening Distress of Coal Industry, Emerging Battles Over Solar, Overbuilding of Shale Gas Pipelines Highlight IEEFA Energy Finance 2016 Conference in New York City

Panelists From Deutsche Bank, Moody’s, S&P Capital IQ, New York Mayor’s Office, CalSTRS, Massachusetts Attorney General’s Office, Bloomberg New Energy Finance, Norwegian Parliament

COLUMBIA UNIVERSITY, MARCH 14-16; EXPERTS FROM EUROPE, ASIA, AUSTRALIA,  AND THE AMERICAS NEW YORK, Feb. 29, 2016 — The Institute for Energy Economics and Financial Analysis (IEEFA) today announced a 2016 conference lineup that includes leading energy finance experts, industry regulators, institutional investors, activists, market analysts and commentators from around the world. The conference, Energy […]

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U.S. Freeze on New Coal Mines; Federal Reforms in Resource Lease Program

Patrick Rucker and Valerie Volcovici for Reuters: The Obama administration is due on Friday to announce an overhaul of how the United States manages coal development on federal land, and freeze new coal mining, according to government and conservationist sources, in a further move to confront climate change. Interior Secretary Sally Jewell is expected to […]

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Coal-Lease Reform: ‘Obama Is Doing for the Coal Industry What It Cannot Do for Itself’

A National Resource of Strategic Importance That Should Be Treated As Such

CLEVELAND, Jan. 15, 2016 (IEEFA) — New Obama administration policies announced today that implement a comprehensive review of the federal coal lease program and a moratorium on federal coal leases are “welcome, long overdue and in the best interest of taxpayers,” said Tom Sanzillo, director of finance for the Institute for Energy Economics and Financial Analysis (IEEFA). “President […]

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Shenhua’s Bombshell Numbers Show China’s Coal Appetite Has Peaked

When the largest coal producer in China puts out the kind of numbers China Shenhua Energy Co. just reported, it’s an unmistakable signal that the most populous country on the planet is continuing to step back from coal. In announcing its 2014 results and its 2015 business targets, Shenhua dropped some bombshells: It sees a […]

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12 Companies in Bidding for Largest U.S. Offshore Wind Farm

The U.S. Interior Department this week put 742 acres of water off the Massachusetts shore up for bid to wind-turbine generation companies. A Jan. 29 lease sale will award the most competitive bids submitted by 12 companies. The area could support production of 4 to 5 gigawatts of commercial wind generation, “enough electricity to power […]

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