coal industry self-bonding News

Lawmakers Seek Audit of Mine Cleanup Insurance Program

Federal auditors should examine a program that has allowed leading coal companies to lower cleanup insurance costs and could leave taxpayers on the hook if the miners declare bankruptcy, Democratic lawmakers said on Tuesday. Coal companies are responsible for spent …

U.S. Says Coal Mine Companies Should Cover Full Cleanup

The ailing coal industry must face the costs of cleaning up spent mines even as companies get pushed toward bankruptcy, the U.S. Interior Secretary said this week. The mining industry is responsible for restoring old mine sites but a taxpayer …

U.S. Regulators Scrutinizing Coal Mines’ Clean-Up Insurance Program

Coal giant Peabody Energy has been among the harshest critics of federal energy policies, joining a court challenge to the Obama administration’s new clean air regulations and denouncing its promotion of renewable fuels. But there is one government program that …