The Interior Department on Monday scrapped an Obama-era rule on coal royalties that mining companies had criticized as burdensome and costly.
The Trump administration put the royalty valuation rule on hold in February after mining companies challenged it in federal court. Officials later announced plans to repeal the rule entirely. The final repeal notice was published Monday in the Federal Register and takes effect Sept. 6.
Repealing the rule “provides a clean slate to create workable valuation regulations,” said Interior Secretary Ryan Zinke, adding that the repeal will reduce costs that energy companies would otherwise pass on to consumers.
Still, he said Interior …read more