Skip to main content

NMA attacks government’s coal royalty change

Published by , Editor
World Coal,


The US National Mining Association (NMA) has criticised the “false assumptions” behind the US government’s proposed coal royalty change, calling it an “election-year stunt” that will hurt consumers.

“While claiming action in the name of the US taxpayer, this latest assault on the coal industry is nothing more than another covert operation in the administration’s ‘keep in the ground’ campaign” the NMA said in a media statement.

“The casualties will be an industry that has worked diligently to provide Americans with low cost, reliable energy and the low-income families who rely on that energy.”

According to the NMA, coal royalty rates are already above market, delivering almost 40 cents for every dollar in federal coal sales to the government. This undermines the “specious claim that somehow taxpayers are being cheated.”

“All this at a time when the industry is being arbitrarily punished by the administration for providing low-cost energy, while at the same time hemorrhaging high-wage hobs – more than 67 400 since 2011 – in some of the nation’s most economically depressed areas.”

Edited by .

Read the article online at: https://www.worldcoal.com/coal/08072016/nma-attacks-governments-coal-royalty-change-2016-2000/

You might also like

Coal’s future: New report charts path to sustainability

FutureCoal’s latest report, ‘Roadmap for a Sustainable Coal Value Chain’, highlights how advanced coal technologies can reduce emissions, while continuing to support the global demand for energy and industrial growth.

 
 

Embed article link: (copy the HTML code below):