Market for new coal leases at odds with federal platform

Montana’s leaders are eager to revive coal, but the market doesn’t seem to share their enthusiasm. A recent federal lease offering in the Powder River Basin — once the heart of America’s coal boom — drew just one bid worth a fraction of its estimated value. That tepid response led officials to postpone another sale in Wyoming. Even as politicians call for more mining, companies appear wary, signaling how far coal’s fortunes have fallen in an era of shifting energy markets and closing power plants. Micah Drew with Daily Montanan has the full story.

Micah Drew

Daily Montanan

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