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550,000 abandoned mines, $50 billion to clean up the worst of them

Cleanup funds don’t exist because mining companies, unlike gas and oil concerns, do not pay royalties to the federal government for what they extract from public lands. The U.S. Bureau of Land Management began requiring funds from miners in 2001 to use for cleanup, though many doubt there is enough money. Environmental groups are also trying to force the EPA to require mining companies to set aside cleanup money.

Source: 550,000 abandoned mines, $50 billion to clean up the worst of them | Peak Energy & Resources, Climate Change, and the Preservation of Knowledge

It’s never profitable for corporations to clean up their own mess.

And to imagine our new government of business men are going to do anything about it is absurd – they’ll make it worse.

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