Obama Administration Halts New Coal Leases on Federal Lands

Coal Loses Its Grip
AP Photo/David Goldman

The Obama administration announced Friday that it will halt issuing new coal leases on federal lands — a blow to the coal industry, NBC News reported.

The administration says it is examining whether fees charged to mining companies provide a fair return to American taxpayers and reflect coal's impact on the environment.

The move stymies new coal production on federal lands as the administration weighs a programmatic overhaul. President Obama suggested that the administration might go in this direction during the State of the Union address this week.

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