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Reconsidering Coal’s Fair Market Value

Reconsidering Coal’s Fair Market Value

Full Title: Reconsidering Coal’s Fair Market Value
Author(s): Jayni Foley Hein and Peter Howard
Publisher(s): Institute for Policy Integrity
Publication Date: December 1, 2015
Full Text: Download Resource
Description (excerpt):

The federal coal leasing program is not structured to ensure that taxpayers receive “fair market value,” as the law requires, for coal extracted from public lands. Recent investigations have shown that coal companies exploit loopholes to avoid paying their fair share of royalties, costing taxpayers up to $1 billion each year in lost revenue. Outdated fiscal policies fail to remedy uncompetitive bidding practices or properly account for coal’s export value. And central to the recommendations in this report, Interior’s fiscal terms do not account for the prevalent environmental externalities and option values associated with coal production that impose uncompensated costs on the public.

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