In Climate Move, Obama to Halt New Coal Mining Leases on Public Lands

WASHINGTON — The Obama administration will announce on Friday a halt to new coal mining leases on public lands as it considers an overhaul of the program that could lead to increased costs for energy companies and a slowdown in extraction, according to an administration official.

The move would represent a significant setback for the coal industry, effectively freezing new coal production on federal lands and sending a signal to energy markets that could turn investors away from an already flailing industry. President Obama telegraphed the step in his Staat van die Unie-adres on Tuesday night, sê, “I’m going to push to change the way we manage our olie and coal resources…Lees meer