Obama: No new federal leases for coal mining companies

January 15, 2016 8:16 PM

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Obama: No new federal leases for coal mining companies

The ban will not have an immediate effect on the production of coal, or the jobs in the industry, as the current leases are sufficient, and can produce enough coal to supply demand for at least 20 years.

A new order will prevent coal companies from obtaining new leases that allow coal mining on federal lands.

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