24 Jun '12, 11am

How Peabody gets dirt-cheap land and the rest of us get a gigaton of carbon pollution

How Peabody gets dirt-cheap land and the rest of us get a gigaton of carbon pollution

A version of this article originally appeared on Climate Progress . The BLM lets Peabody lease public land for next to nothing and strip-mine it for coal. On Thursday, the Bureau of Land Management (BLM) is scheduled to hold an “auction” for 721 million tons of taxpayer-owned coal in the Powder River Basin. This is for the North Porcupine tract, and like the South Porcupine tract that BLM leased to Peabody last month — even though this coal is owned by you and me — the lease was drawn up by Peabody itself for its own profit. This is what’s known as a “lease by application,” and under BLM’s corrupt coal-leasing program, Peabody will almost certainly be the only bidder and pay next to nothing. WildEarth Guardians’ 2009 report “UnderMining the Climate ” [PDF] found that over the last 20 years, only three of 21 lease by applications had more than one bidder. Since Peabody know...

Full article: http://grist.org/coal/how-peabody-gets-dirt-cheap-land-an...

Tweets

Instead of auctioning federal land to coal companies, what if we used it for renewable power generation?

Instead of auctioning federal land to coal comp...

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