general accounting office

Industry Buys Underpriced Coal, Fleeces Taxpayers to the Tune of $200M

Industry Buys Underpriced Coal, Fleeces Taxpayers to the Tune of $200M
Coal leases lack competition – the bottom line of a new General Accounting Office report detailing the ways in which coal companies bid and use the leases for profit. Undervalued land means cheap coal, which the companies then price at inflated 'market' levels, reaping a huge windfall.
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