THE PITS
Federal coal report is propaganda, House Republican says
by Daniel J. Graeber
Washington (UPI) Jun 23, 2016


disclaimer: image is for illustration purposes only

A White House report that suggests taxpayers are not getting their fair share of returns on coal is blatant propaganda, a House leader said.

The White House published a 29-page report on the economics of the coal leasing program on federal lands. The report said the federal coal program has so far resulted in a distorted market that keeps prices low and "misaligns incentives going back decades."

Usually, the report said, when a government owns a resource, the federal objective is to ensure maximum revenue.

"When it is impractical or inefficient for the government to use the resource itself, then the key task is designing an arrangement that aligns the incentives of the agent who harvests or produces the resource with the public interest," the report read.

U.S. Rep. Rob Bishop, R-Utah, chairman of the House Committee on Natural Resources, said the report is nothing more than anti-coal propaganda.

"Once you scratch through the thin veneer of objectivity, this report is nothing more than card-stacking from the president," he said in a statement.

Bishop has moved in favor of the energy industry in the past. When in 2015 the federal Bureau of Safety and Environmental Enforcement said it was developing new standards to close what it viewed as gaps in the measures enacted in the wake of the BP oil spill in 2010, Bishop said the measure would act as a de facto moratorium on offshore oil development.

Meanwhile, 48 Democrats in the House sent a letter to U.S. Interior Secretary Sally Jewell saying the federal review of the coal lease program was a welcome step toward ensuring taxpayers are getting a fair return.

"The federal coal program unfairly subsidizes coal companies at American taxpayer expense," ranking member Raul Grijalva, D-Ariz., said in a statement.

The federal report said coal companies work with their industry counterparts to keep coal prices low and sometimes penalize utility companies for underutilization. If the government could capitalize on those maneuvers, the report said, it could result in billions of dollars in extra federal payments per year.

The U.S. Interior Department in January announced the start of a review of the federal coal program to identify potential reforms. A federal report published earlier this month found the amount of coal produced in the United States is the lowest it's been since the early 1980s as overall demand falters.

.


Related Links
Surviving the Pits






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
THE PITS
Coal ash ponds found to leak toxic materials
Durham NC (SPX) Jun 14, 2016
A Duke University study of coal ash ponds near 21 power plants in five Southeastern U.S. states has found evidence that nearby surface waters and groundwater are consistently and lastingly contaminated by the unlined ponds. High levels of toxic heavy metals including arsenic and selenium were found in surface waters or groundwater at all of the sites tested. Concentrations of trace element ... read more


THE PITS
Japan Plans to Improve Defense Against N Korean Missiles Within 5 Years

Raytheon awarded $365 million Aegis contract

Lockheed receives Aegis development contract

Harris continues support services for missile defense systems

THE PITS
Roketsan, Airbus sign MOU on Cirit missiles for H145M

Below the Radar: Russia's S-400, S-500 Set to Become Invisible to Enemies

Javelin missile scores perfect in U.K. land vehicle tests

France and Italy team up for Aster 30 missile

THE PITS
Gabon set to order Nexter UAV and recon robots

Russian Top Secret Hypersonic Glider Can Penetrate Any Missile Defense

Predator C Avenger gets boost in ISR capabilities

Johns Hopkins team makes hobby drones crash to expose design flaws

THE PITS
Saab debuts Giraffe 1X antenna at Eurosatory

Thales debuts new Synaps combat radio system

Air Force receives Rockwell Collins receivers

UK Looking to Design Next-Gen Military Satellites

THE PITS
New laser range finder makes debut

Telephonics gets Oshkosh JLTV contract

Rheinmetall intros new Lynx infantry fighting vehicle

Pegasus:Multiscope UGV debuts at Eurosatory

THE PITS
Guns, not roses: Conflicts fire up Bulgaria arms trade

CAE gets $111 million in UAE defense contracts

Senators look to block U.S. sale of bombs to Saudis for bombing of Yemen

US Navy admiral admits he lied in massive bribery scandal

THE PITS
Germany slams NATO 'warmongering' on Russia

Russia building military 'zone of influence': NATO

China promotes EU ambitions of key trade partner Serbia

Norway aims to boost defences against 'unpredictable' Russia

THE PITS
DNA shaping up to be ideal framework for rationally designed nanostructures

New 'ukidama' nanoparticle structure revealed

Shaping atomically thin materials in suspended structures

Nanoparticles and bioremediation can decontaminate polluted soils