A version of this article originally appeared on Climate Progress.

The BLM lets Peabody lease public land for next to nothing and strip-mine it for coal.

On Thursday, the Bureau of Land Management (BLM) is scheduled to hold an “auction” for 721 million tons of taxpayer-owned coal in the Powder River Basin.

This is for the North Porcupine tract, and like the South Porcupine tract that BLM leased to Peabody last month — even though this coal is owned by you and me — the lease was drawn up by Peabody itself for its own profit. This is what’s known as a “lease by application,” and under BLM’s corrupt coal-leasing program, Peabody will almost certainly be the only bidder and pay next to nothing.