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US rejects bid to buy 167 million tons of coal on public lands for less than a penny per ton
The Department of Interior rejected a $186,000 bid for 167 million tons of coal in Montana because it was below fair market value, reflecting declining coal demand and climate concerns.
- The US Department of Interior rejected a $186,000 bid from the Navajo Transitional Energy Co. for 167 million tons of coal on public lands, saying the bid did not meet fair market value requirements.
- President Joe Biden's administration sought to end coal sales in the Powder River Basin of Montana and Wyoming, citing climate change concerns.
- NTEC indicated the coal had little value due to declining demand, as most power plants using fuel from its mines are scheduled to stop burning coal in the next decade.
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Associated Press News+47 Reposted by 47 other sources
US rejects bid to buy 167 million tons of coal on public lands for less than a penny per ton
Federal officials have rejected a company’s bid to acquire 167 million tons of coal on public lands in Montana for less than a penny per ton.
·United States
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US Rejects Bid To Buy 167M Tons Of Coal On Public Lands For Less Than A Penny Per Ton
US Rejects Rock-Bottom Bid for 167M Tons of Coal on Public Lands: Less Than a Penny Per Ton Falls Flat In a stinging rebuke to coal industry hopes, federal officials have shot down a bid to snap up 167 million tons of public-land coal in Montana for a laughably low price—under a penny per ton. ... Read more The post US rejects bid to buy 167M tons of coal on public lands for less than a penny per ton first appeared on Real News Hub.
Coverage Details
Total News Sources52
Leaning Left14Leaning Right4Center27Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 31%
C 60%
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