EconomyLens.com
No Result
View All Result
Wednesday, November 12, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

US plans to end leasing in its largest coal-producing region

Emma Reilly by Emma Reilly
May 16, 2024
in Economy
Reading Time: 5 mins read
A A
0
39
SHARES
482
VIEWS
Share on FacebookShare on Twitter

A conveyor belt transports tons of coal at a mine. ©AFP

Washington (AFP) – President Joe Biden’s government on Thursday announced a plan to end coal leases in the Powder River Basin, the nation’s largest coal-producing region, drawing condemnation from the mining sector and praise from environmentalists.

Related

World wine output set for modest 2025 recovery: industry body

Five things to know about the first G20 held in Africa

Renewables outpace fossil fuels despite US policy shift: IEA

Fanfare as Guinea launches enormous Simandou iron ore mine

UK unemployment jumps to 5% before key govt budget

It comes as the world’s second largest economy continues its shift away from coal, the most carbon-intensive fossil fuel, which has seen its output decline by more than 25 percent since 2017 as it struggles to compete with lower cost natural gas and with renewable energy.

Biden has also targeted coal power plants with tough new rules requiring them to almost eliminate all their carbon dioxide output in the 2030s using carbon capture technology or shut down altogether. The Group of Seven countries last month likewise set a time limit for phasing out coal-fired power plants in the middle of the next decade.

The proposed amendment to the Buffalo Field Office’s land use plan was made without fanfare in a statement from the Bureau of Land Management (BLM), kicking off a 30-day protest period, with a final order due later. It won’t affect current coal leases in the region, which spans southeast Montana and northeast Wyoming.

The statement noted the Powder River Basin coal industry has been in decline since 2008. Still, Rich Nolan, president and CEO of the National Mining Association, called the plan “outrageous,” adding it “damages American energy security and affordability and is a severe economic blow to mining states and communities.”

But the move was celebrated by green groups. Earthjustice’s Drew Caputo hailed it as “a monumental decision that will save lives, safeguard our environment, and significantly cut carbon emissions in the United States.” “For years, conservation groups have litigated to get to this point — arguing that the federal government cannot simply lease away our public lands to coal companies while ignoring the impacts to public health,” he added.

Democratic incumbent Biden is facing a tough reelection against presumptive Republican nominee Donald Trump in November, with climate action seen as key to galvanizing youth and progressive voters.

A victory for climate change skeptic Trump would all but assure a wholesale reversal of green policies, from unfreezing permits on new liquefied natural gas exports to reversing restrictions on drilling in the Alaskan Arctic.

© 2024 AFP

Tags: coalenergyenvironment
Share16Tweet10Share3Pin4Send
Previous Post

Stocks waver after hitting record highs

Next Post

Exhibition traces Jewish origins of Hollywood

Emma Reilly

Emma Reilly

Related Posts

Economy

Ukraine, China’s critical mineral dominance, on agenda as G7 meets

November 10, 2025
Economy

Ukraine, China’s critical mineral dominance, on agenda as G7 meets

November 10, 2025
Economy

Trump threatens air traffic controllers over shutdown absences

November 11, 2025
Economy

Bank of England seeks to ‘build trust’ in stablecoins

November 10, 2025
Economy

Bank of England seeks to ‘build trust’ in stablecoins

November 10, 2025
Economy

China suspends ‘special port fees’ on US vessels for one year

November 10, 2025
Next Post

Exhibition traces Jewish origins of Hollywood

Reddit gives OpenAI access to its wealth of posts

Chinese officials meet to mull support for developers: Bloomberg

Asian stocks mixed after Wall St, Europe retreat from records

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

79

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

World wine output set for modest 2025 recovery: industry body

November 12, 2025

Five things to know about the first G20 held in Africa

November 12, 2025

German court rules against OpenAI in copyright case

November 12, 2025

Renewables outpace fossil fuels despite US policy shift: IEA

November 12, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.