In a first, coal company agrees to use social cost of carbon

Read the full story at ClimateWire.

Utah’s largest coal company will relinquish two mining leases and apply the social cost of carbon in the environmental analysis of a third lease as part of a settlement agreement reached last week with environmental groups and the federal government.

The deal, which also includes the state of Utah, would see environmentalists drop their lawsuit challenging the expansion of a coal mine on federal land.

Environmentalists said an agreement involving Canyon Fuel Co. LLC, the Interior Department, the state of Utah and two green groups marks the first time a coal company has voluntarily agreed to calculate the climate damages of its mining operations on federal land.

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