Changes

A [http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&ved=0CDgQFjAD&url=http%3A%2F%2Fpolicyintegrity.org%2Fdocuments%2F6.1_Sanzillo_coal_lease_PDF_.pdf&ei=Yi8sT9SbN-OciQKo7_jBCg&usg=AFQjCNFV8zskueFyzO3_pNl6BA08gx1s5Q&sig2=eM0vwZn8_bTf9uAMAZsYAA 2012 report] by [http://climatewest.files.wordpress.com/2012/01/tom-affidavitvfin.pdf Tom Sanzillo] of the Institute for Energy Economics and Financial Analysis concluded that, since 1982, the Fair Market Value (FMV) lease process administered by the Bureau of Land Management (BLM) provided a $28.9 billion subsidy to coal producers and utilities in lost royalties and bonuses. The bids by coal companies for [[federal coal leases]] did not match the estimated market value of the reserves, which the report attributes to the increasing privatization of the federal leasing system and lack of government oversight. In total, nine billion tons of coal were mined, with 12 billion more tons slated to be mined between 2011 and 2035.