Coal-burning power plants generate about half of the Nation’s electrical power. About 40 percent of the Nation’s coal comes from public lands. As a result, coal mining on public lands is a significant source of revenue to the U.S. Government, and significantly contributes to the Nation’s power supply.
Despite a stated commitment to using market forces, the Romney campaign is turning a blind eye to large and distortionary subsidies to conventional fuels. This review highlights problems with how Romney has framed the energy subsidy problem and highlights important subsidies to fossil fuels that he has ignored.