The Conversation (0)
Montana Land Board Approves Arch Coal Lease Despite Protestors Requests
Aug. 20, 2012 07:16PM PST
Industrial Metals InvestingCNBC reported that the Montana Land Board approved the lease of the Otter Creek coal tracts to St. Louis-based Arch Coal Inc. for $86 million, despite protests from environmentalists calling to reject the development of the area as it will cause irrevocable environmental harm.
CNBC reported that the Montana Land Board approved the lease of the Otter Creek coal tracts to St. Louis-based Arch Coal Inc. for $86 million, despite protests from environmentalists calling to reject the development of the area as it will cause irrevocable environmental harm.
As quoted in the report:
The governor said he advises coal opponents that the resource will still be mined from somewhere if Montana doesn’t supply it. He argues Montana, which stands to get billions if fully developed, should profit as long as coal is used for a fuel source.
Click here to read the full CNBC report.