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Coal Company Monetary Subsidies Incentivize Fossil Fuel Production
Fossil fuel production negates any advancements towards climate change. Coal subsidies – though not as common as oil and gas subsidies – also help incentivize the production of fossil fuels in the United States. Recent studies have argued that ending federal coal subsidies for coal reserves would significantly decrease production of coal in the regions, as well as greenhouse gas emissions.
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The Powder River Basin, the largest coal reserve in the United States, is not actually designated as a coal-producing region, allowing coal companies to lease federal lands at a lower cost than if the lands were designated as coal-producing. That means that federal leases for the Powder River Basin are a really good deal for coal companies, saving them the equivalent of a $1 billion subsidy each year.
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