Coal companies harvest subsidy cash while the taxpayer gets stiffed
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Coal companies harvest subsidy cash while the taxpayer gets stiffed
Also: Little Colorado dam proposals withdrawn
THE NEWS: Even as reports showed the Biden Administration had significantly reduced Arch Resource’s royalty rate on coal it extracted from its West Elk Mine in Colorado and Coal Creek Mine in Wyoming, company executives reported a $40 million second-quarter profit from the same mines.
THE CONTEXT: Last year, as repercussions from the initial wave of the …
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