Obama’s War Against Coal Moves to Exports

The new Interior Secretary will be investigating coal exports.

“… mining companies are underreporting the price of coal at mine sites — where royalties are assessed — then selling it to marketers that they often times own. Reuters said those intermediaries then ship the coal abroad, where they fetch higher prices.”

Read more at The Hill.

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One response to “Obama’s War Against Coal Moves to Exports

  1. The government is just upset it isn’t getting as much money out of the sale as it thinks it should. It’s not the first time this has come up and it won’t be the last. The taxman wants every cent (and must hate H and R Block, right?).

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