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TexasTowelie

(116,413 posts)
Sat Jul 17, 2021, 06:27 AM Jul 2021

Appalachian states face billions in mining cleanup

LOUISVILLE, Ky. (AP) — The cleanup and reclaiming of coal mines in seven Appalachian states will cost billions, and Kentucky and West Virginia have the largest bills coming due, according to an environmental group's new report.

Total reclamation liability for the two states is between $4.1 and $5.8 billion, with less than half of that covered by existing bonds, according to estimates in the report by Appalachian Voices.

Pennsylvania’s estimated liability is roughly identical to Kentucky’s, at $1.9 billion to $2.25 billion, although it has an advantage in that up to two-thirds of that liability is covered by bonds.

Reclamation of coal sites typically includes improving the environment and reversing the damages of surface and underground mining.

Read more: https://www.register-herald.com/news/state_region/report-appalachian-states-face-billions-in-mining-cleanup/article_ebe3a781-9685-517b-9b84-bfc8e2e37052.html
(Beckley Register-Herald)

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Appalachian states face billions in mining cleanup (Original Post) TexasTowelie Jul 2021 OP
Looks like taxes will have to go up there. ProudMNDemocrat Jul 2021 #1
This message was self-deleted by its author ProudMNDemocrat Jul 2021 #2
This is the states' liability, not just the coal companies? Duppers Jul 2021 #3
Investors got the gravy and taxpayers pick up the tab. Chainfire Jul 2021 #4
Investors got the gravy and taxpayers pick up the tab. Chainfire Jul 2021 #5

ProudMNDemocrat

(18,909 posts)
1. Looks like taxes will have to go up there.
Sat Jul 17, 2021, 07:03 AM
Jul 2021

And the people will not like it at all. I call that dumb luck in state management if you ask me.

Response to TexasTowelie (Original post)

Duppers

(28,229 posts)
3. This is the states' liability, not just the coal companies?
Sat Jul 17, 2021, 07:41 AM
Jul 2021

Right?

They did not regulate these coal mines properly.

 

Chainfire

(17,757 posts)
5. Investors got the gravy and taxpayers pick up the tab.
Sat Jul 17, 2021, 09:26 AM
Jul 2021

Now all of us will be in the coal business. Capitalism at its finest.

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