The U.S. Bureau of Land Management has just announced a long-term moratorium on new leases to mine coal on federal lands. While the 18- to 36-month moratorium is in place, the government will launch a suite of studies to determine how to make coal leases fair to U.S. taxpayers and consistent with the country’s commitment to climate change mitigation.
Given the beleaguered state of the U.S. coal industry, it’s probably inaccurate to call today’s announcement the beginning of the end. It’s more like the middle of the end. Or the end of the beginning of the end. Or … you get the idea. By the time the moratorium lifts, there may be little left of the coal industry.
The BLM’s move applies a set of pincers to coal, with economic challenges pressing in on one side and environmental ones tightening on the other.
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Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc