Saturday, February 26, 2011

(remember the Clinton legacy) The Utah Coal Lockup: A trillion dollar Lippo payoff?

The Utah Coal Lockup: A trillion dollar Lippo payoff? By: Sarah Foster When the President signed the Executive Order designating 1.7 million acres of land in southwest Utah as the Grand Staircase-Escalante National Monument, his action placed the area off limits to mineral extraction and development. The New York Times reported that the monument encloses the largest coal field in the nation, the Kaiparowitz Plateau, which contains at least 7 billion tons of coal worth over $1 TRILLION. Kentucky-based company Andalux Resources, which holds leases on 3,400 acres in the area, was planning to open a huge operation (underground, not...

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