Appalachian states face billions in mining cleanup

[TexasTowelie]

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)

[ProudMNDemocrat]

1. Looks like taxes will have to go up there.

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

[Duppers]

3. This is the states' liability, not just the coal companies?

Right?

They did not regulate these coal mines properly.

[Chainfire]

4. Investors got the gravy and taxpayers pick up the tab.

Capitalism at its finest.

[Chainfire]

5. Investors got the gravy and taxpayers pick up the tab.

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