The federal Office of Surface Mining Reclamation and Enforcement is finally taking steps to limit self bonding â€” and we need you to speak up today to make sure the regulations are as strong as possible.
Bonding is the process by which coal companies provide financial assurance that they will reclaim the land they have damaged by mining. Currently, weak and inconsistent laws surrounding this practice put the public at risk of having to pick up the tab for the immense destruction of mountaintop removal and other damaging coal mining practices, while the coal industry keeps the profits.
The most irresponsible approach is called self bonding; when a coal company simply promises it will reclaim our land after mining. And if the company canâ€™t clean up its mess? Then the taxpayer is left with the enormous burden of cleaning up the mess. Companies must be forced to set aside bonds for the full cost of reclamation.
The coal industry is laughing all the way to the bank, and weâ€™re left with dirty water and unstable lands.