The outgoing Obama administration issued a blueprint for overhauling the way coal on federal land is sold, making it tougher for President-elect Donald Trump to resume sales under decades-old procedures. The report released Wednesday lays out a menu of potential options for policy makers to consider, including tacking a carbon fee onto coal leases to account for climate change, requiring payments into a fund that could help out-of-work miners and devastated communities — and even halting sales altogether.
Category: Powder River, WY
Oil IPOs Seen Ready to Bloom Across U.S. as Crude Heads Higher
Rising crude prices and a deregulatory push in Washington may spur as many as 40 companies to hold initial public offerings over the next two years, potentially tripling 2016’s activity, according to Maynard Holt, chief executive officer at Houston-based investment bank Tudor Pickering Holt & Co. After a year in which explorers in the Permian shale basin straddling Texas and New Mexico dominated the business, interest in new oil-industry offerings is likely to spread wider.