Company bids less than a penny per ton in biggest US coal sale in over a decade
Billings, coat. (AP) -Navajo tribe has an offer of $ 186,000 to rent 167 million tons of coal Federal Lands In Southeast Montana on Monday The largest US coal sales For more than ten years.
Offer Navajo Transition Energy Co.. (NTEC) Equals a penny per ton, and even as president, underlining the decreased value of coal. Donald Trump It pushes to mine and burns more Fueling very polluting.
Federal authorities did not immediately say whether they would accept the offer. That was the only offer. Two NTEC representatives participated in the land management local office in Montana, Billings. They refused to comment after it was finished.
In the last successful government rental sales in the region, a subsidiary of Peabody Energy paid $ 793 million or $ 1.10 per ton for 721 million tons of coal in Wyoming.
On Monday, NTEC’s Montana, the Spring Creek mine near Decker, is uncertain for the coal offered for coal. According to an analysis by Associated Press, five power plants using fuel from the Spring Creek mine are planned to stop burning coal in the next decade.
Rent is at the Powder River Basin, the country’s most productive coal fields. Authorities under the democratic administration of then President Joe Biden Banned sales Due to the contribution of coal to climate change, only Republicans Reverse this decision.
NTEC, claiming that a low market value for coal in the rent area, pointed out the government’s work, which predicts that coal markets will significantly decrease as they have purchased less public services in the next twenty years.
The company offers $ 147 per acre for a total of 1,262 acres (510 hectares) terrain roads. In the center of Wyoming, where the government offers 440 million tons of coal alongside the Antelope Mine, another sales is planned on Wednesday.
Since the Trump management is not far from the workers responsible for reviewing fossil fuel projects, sales are progressing despite the closure of sales.
Many coal plants have retired in the last twenty years because public services give power from natural gas and renewable sources such as wind and solar energy.
James Stock, former member of the White House Economic Consultants Council, under the direction of Harvard University Economist and President Barack Obama, does not mean that roads will be necessary to sell new coal rentals.
Despite Trump’s Energy’s Energy Emergency Advertisement and calls for expanding and burning coal mining, it is not possible to build Stock’s new coal plants. This means that most of the coal sold under Trump is not possible to mine.
