Statement from Tom Sanzillo, director of finances for the Institute for Energy Economics and Financial Analysis, on President Obama’s coal-lease reform:
“The president’s reform of federal coal leases does for the coal industry what it cannot do for itself—discipline production, shrink supply and better manage the nation’s energy security and this vital resource.”
Here’s the pertinent passage in the president’s state of the union: “Rather than subsidize the past, we should invest in the future — especially in communities that rely on fossil fuels,” Obama told Congress. “That’s why I’m going to push to change the way we manage our oil and coal resources, so that they better reflect the costs they impose on taxpayers and our planet.”
Mr. Sanzillo is available for interview.
Media contact:
Karl Cates
Director of Media Relations
Institute for Energy Economics and Financial Analysis
[email protected]
@ieefa_institute
917/439-8225
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