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<oembed><version>1.0</version><provider_name>Climate Change Dispatch</provider_name><provider_url>https://climatechangedispatch.com</provider_url><author_name>Thomas Richard</author_name><author_url>https://climatechangedispatch.com/author/ccdeditor/</author_url><title>Coal Producers: Obama Royalty Reform May Shut Us Down</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="LMxeHWC1rD"&gt;&lt;a href="https://climatechangedispatch.com/coal-producers-obama-royalty-reform-may-shut-us-down/"&gt;Coal Producers: Obama Royalty Reform May Shut Us Down&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://climatechangedispatch.com/coal-producers-obama-royalty-reform-may-shut-us-down/embed/#?secret=LMxeHWC1rD" width="600" height="338" title="&#x201C;Coal Producers: Obama Royalty Reform May Shut Us Down&#x201D; &#x2014; Climate Change Dispatch" data-secret="LMxeHWC1rD" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>The Obama administration has proposed to change how it collects royalties on coal mined from federal land, a move that environmentalists hope, and the industry worries, will cut use of the fuel linked to climate change. The Interior Department says the accounting change is needed to update rules adopted almost three decades ago, and streamline the program for companies such as Peabody Energy Corp. and Arch Coal Inc. And more changes are on the way. "It's time for an honest and open conversation about modernizing the federal coal program," Interior Secretary Sally Jewell said in a speech last week to the Center for Strategic and International Studies in Washington. "How do we manage the program in a way that is consistent with our climate-change objectives?" For industry, the broad effort is seen through the prism of their ongoing complaints that President Barack Obama is waging a "War on Coal." Sales of federally owned coal from the Powder River Basin in Wyoming and Montana -- the biggest source -- topped 350 million tons last year, generating company revenues of almost $5 billion, government data showed.</description><thumbnail_url>https://climatechangedispatch.com/wp-content/uploads/images_pics7_coal_train.jpg</thumbnail_url></oembed>
