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The US government is planning to tighten up rules surrounding coal exports since the discovery of a loophole that has allowed companies to boost profits, according to Reuters.
The US government is planning to tighten up rules surrounding coal exports since the discovery of a loophole that has allowed companies to boost profits, according to Reuters.
As quoted in the publication:
American taxpayers by law are due a 12.5 percent royalty on the sales of millions of tons of coal pulled each year from federal land that mining companies lease.
But a Reuters investigation found in 2012 that coal companies were using affiliated brokers to settle royalty payments on exports to Asia at much lower domestic prices.