The largest federal coal lease sale in over a decade brought in just one bid for less than a penny per ton, illustrating the futility of the Trump administration's efforts to revive the dying coal power industry. Federal officials did not immediately say if they would accept the offer.
The Navajo Transitional Energy Company (NTEC) submitted the lone bid to mine 167 million tons of coal on public land in southeastern Montana, offering just $186,000, roughly one-tenth of a penny per ton. The lease consists of 1,262 acres within the Powder River Basin. The last coal sale held by the Bureau of Land Management in the Powder River Basin brought in $1.10 per ton, for comparison.
The BLM plans to hold another sale on Wednesday in central Wyoming, where the government is offering 440 million tons of coal next to NTEC’s Antelope Mine.
Report details extent of fossil fuel influence at federal agencies
A new report from Public Citizen and the Revolving Door Project finds that the Trump administration prioritized hiring individuals with direct ties to fossil fuel companies for positions charged with enforcing energy and environmental policy.
The report finds that out of 37 Senate-confirmable nominees to three agencies—the Energy Department, Environmental Protection Agency, and Interior Department—25 had fossil fuel industry ties, while only 12 did not.
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