Study: Halt in coal-mining leases could cost $650 billion

By Kyle Feldscher

Published March 3, 2016 9:08pm ET

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Study: Halt in coal-mining leases could cost $650 billion — Federal coal leases have added $541 billion to the economy over the last 15 years and the coal industry contributes about $65.7 billion to the county's gross domestic product, according to the report. (AP Photo/Mead Gruver, File) | Mead Gruver

The federal moratorium on coal leases could cost the U.S. economy $650 billion over the next 10 years, according to a study released Thursday.

The American Action Forum, a center-right think tank, released its study “Examining the Economic Costs of the Administration’s Coal Moratorium” and argued the January decision to stop coal leasing on federal lands would be a huge detriment to the economy.

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