Space Industry and Business News  
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.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


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
New approach to microlasers

A new trick for controlling emission direction in microlasers

Researchers open hairy new chapter in 3-D printing

Underlying connection found between diverse materials with extreme magnetoresistance

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
McCain Stands Down: Congress Reaches Compromise on Russian Rockets

Launch Vehicle Ascent Trajectories and Sequencing

MUOS-5 satellite encapsulated for launch

Airbus Safran Launchers confirms the maturity of the Ariane 6 launcher

THE PITS
Russian Glonass-M satellite reaches target orbit

And yet it moves: 14 Galileo satellites now in orbit

Arianespace continues the momentum for Europe's Galileo program on its latest Soyuz flight

China to launch 30 Beidou navigation satellites in next 5 years

THE PITS
MH370 meeting ends with no updates on search plans

Airbus inks deal with Indra for flight simulator

NASA Electric Research Plane Gets X Number, New Name

Malaysia to host meeting on MH370 search plans

THE PITS
Novel energy inside a microcircuit chip

World's first 1,000-processor chip

Analogue quantum computation digitized using superconducting circuits

Scientific gains may make electronic nose the next everyday device

THE PITS
A First: NASA Spots Single Methane Leak from Space

Satellite tracking unlock mystery of Hawksbill migration in South Pacific

exactEarth and DigitalGlobe Partner to Combat IUU Fishing

Stanford researchers calculate groundwater levels from satellite data

THE PITS
Killing Nemo: Cyanide threat to tropical fish

Indonesia lashes out at Singapore in new haze row

How 'super organisms' evolve in response to toxic environments

Knowledge of chemical munitions dumped at sea expands from international collaboration









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.