Coal

The Federal Coal Leasing Program is Just Corporate Welfare

The federal government’s outdated programs that lease public land for fossil fuel extraction are a subsidy for climate pollution, as has been noted before by green groups, think tanks, and Grist writers. Selling leases to mine coal or drill for oil or gas at below-market rates encourages more consumption of those fossil fuels by lowering their prices. That’s precisely the opposite of what we should be doing, of course, which is making fossil fuels more expensive to encourage a shift to cleaner alternatives.

Over the past year, climate activists have launched campaigns aimed at abolishing these fossil fuel leasing programs, or at least reforming them…

Read the full article over at Grist.org >>

Takver

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