Foreign companies are buying up U.S. coal mines. In a statement on Nov. 12, the chairman of Coal India Ltd., a state-controlled entity and the world's largest coal producer, with a near-monopoly on Indian coal mining, confirmed that the firm was in talks with several U.S. coal companies to buy stakes in mines throughout the continental U.S. According to the Associated Press, Coal India has budgeted $1.2 billion this year alone to buy American, Australian, and Indonesian coal mines. Facing voracious energy demands and a yawning gap between domestic supplies of coal and projected needs, the company is going on …
Get Grist in Your Inbox
Daniel M. Firger
Daniel Firger is Associate Director of the Columbia Center for Climate Change Law, where he works to develop and promulgate legal techniques to address climate change and helps train a new generation of lawyers to be leaders in the field. He is a graduate of NYU Law and the Woodrow Wilson School at Princeton University.