29 Jul '14, 5am

Obama?s coal-leasing program is costing taxpayers more than $50 billion #green

Obama?s coal-leasing program is costing taxpayers more than $50 billion #green

It is common for the coal industry and its conservative allies in politics and media to complain that President Obama is waging a “war on coal.” It is certainly true that the share of American energy that comes from coal is declining. Obama doesn’t actually deserve much of the credit for that. It’s mostly due to the natural gas boom, helped along by the rise of solar and grassroots organizing efforts such as the Sierra Club’s Beyond Coal campaign. Still, Obama is trying to move the energy sector further away from coal in the years ahead through his proposed CO2 regulations for power plants. But coal extraction keeps chugging along, with much of the coal being exported to Asian countries that are hungry for energy to fuel their growing economies. And a lot of this mining is taking place on federal land. The Bureau of Land Management sells leases to coal companies at far bel...

Full article: http://grist.org/climate-energy/obamas-coal-leasing-progr...

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