1 00:00:00,440 --> 00:00:03,320 Speaker 1: Southern West Virginia. Like this area that these woods where 2 00:00:03,320 --> 00:00:05,320 Speaker 1: we're standing at right now is one of the most 3 00:00:05,360 --> 00:00:10,000 Speaker 1: biologically diverse places on the entire planet. And you look 4 00:00:10,000 --> 00:00:11,840 Speaker 1: out at a mind site like that and you see 5 00:00:11,880 --> 00:00:15,800 Speaker 1: how bare that is, Like that's never ever gonna support 6 00:00:16,360 --> 00:00:20,400 Speaker 1: the top of ecosystems that the types of wildlife, the 7 00:00:20,440 --> 00:00:25,160 Speaker 1: types of plants, everything else that a healthy Appalachian forest 8 00:00:25,239 --> 00:00:31,720 Speaker 1: ecosystem should be able to support. It's the big take 9 00:00:31,920 --> 00:00:35,839 Speaker 1: from Bloomberg News and iHeart Radio. I'm West Gasova today. 10 00:00:36,640 --> 00:00:40,840 Speaker 1: What happens when big coal decides stop, pack up and 11 00:00:41,040 --> 00:00:58,200 Speaker 1: leave town. As America's long dependence on coal winds down, 12 00:00:58,720 --> 00:01:02,160 Speaker 1: some companies that made fortunes in that industry are looking 13 00:01:02,200 --> 00:01:06,440 Speaker 1: to move on, and they're leaving behind a big, filthy 14 00:01:06,520 --> 00:01:10,720 Speaker 1: mass all across cold country, ruined land and poison water 15 00:01:11,440 --> 00:01:14,920 Speaker 1: that someone's got to pay to clean up. And that's 16 00:01:14,959 --> 00:01:19,360 Speaker 1: when the game of past the buck begins. So who 17 00:01:19,400 --> 00:01:23,160 Speaker 1: does wind up footing the bill? Bloomberg reporters Zachary Mider 18 00:01:23,280 --> 00:01:26,440 Speaker 1: and Josh Saul went to find out. They joined me 19 00:01:26,520 --> 00:01:34,160 Speaker 1: now from New York. Josh Saul, Zach Mider, thanks so 20 00:01:34,240 --> 00:01:37,400 Speaker 1: much for being here. Thanks for having us west. You 21 00:01:37,520 --> 00:01:41,199 Speaker 1: tell your story in part through the eyes of retired miner. 22 00:01:41,280 --> 00:01:45,679 Speaker 1: His name is Miles Hatfield, and he lives in eastern Kentucky. 23 00:01:45,800 --> 00:01:49,000 Speaker 1: Can you tell us about him? Sure? I first found 24 00:01:49,040 --> 00:01:51,960 Speaker 1: Miles after a lawyer I was talking to suggested I 25 00:01:52,000 --> 00:01:54,640 Speaker 1: look at complaints that were made um around some of 26 00:01:54,640 --> 00:01:57,200 Speaker 1: the specific minds that we were looking at. He describes 27 00:01:57,440 --> 00:02:00,800 Speaker 1: a really sad story. He lived in the house where 28 00:02:00,840 --> 00:02:03,440 Speaker 1: he raised his kids. They lived there for decades, and 29 00:02:03,480 --> 00:02:07,440 Speaker 1: then the runoff from the Love Branch mine started affecting 30 00:02:07,480 --> 00:02:10,400 Speaker 1: his home. The moment that really almost made me gasp 31 00:02:10,480 --> 00:02:13,280 Speaker 1: is when he described a few years ago walking through 32 00:02:13,320 --> 00:02:16,200 Speaker 1: his house and the water had weakened his floor in 33 00:02:16,200 --> 00:02:18,520 Speaker 1: the structure under his house, and he was walking into 34 00:02:18,520 --> 00:02:20,320 Speaker 1: his dining room and he fell through the floor. He 35 00:02:20,360 --> 00:02:23,080 Speaker 1: fell through and got sort of pinned up to his hips. 36 00:02:23,280 --> 00:02:26,359 Speaker 1: I didn't know what was under the house until it 37 00:02:26,560 --> 00:02:30,760 Speaker 1: fell in, and then there wasn't no doubt about it. 38 00:02:30,840 --> 00:02:33,720 Speaker 1: Then the Love Branch mine was a coal mine, and 39 00:02:33,840 --> 00:02:36,240 Speaker 1: underground coal mine, so you can imagine just a deep 40 00:02:36,280 --> 00:02:39,040 Speaker 1: shaft going into the ground. What happens with these kind 41 00:02:39,040 --> 00:02:41,880 Speaker 1: of minds is they can change the hydrologic balance, or 42 00:02:41,960 --> 00:02:45,280 Speaker 1: change the way that the water flows underground, so above 43 00:02:45,360 --> 00:02:47,360 Speaker 1: Miles house. Instead of the water flowing the way it 44 00:02:47,400 --> 00:02:49,840 Speaker 1: had for decades, where it flowed, you know, to the 45 00:02:49,880 --> 00:02:52,960 Speaker 1: sides of his house and down through natural natural creeks 46 00:02:52,960 --> 00:02:56,080 Speaker 1: and under underground caverns, it started flowing, you know, right 47 00:02:56,120 --> 00:02:59,160 Speaker 1: through his right through his yard and eventually under his house. 48 00:02:59,680 --> 00:03:04,200 Speaker 1: Miles Hatfield described what happened to him. There wasn't no 49 00:03:04,280 --> 00:03:07,800 Speaker 1: warning when it fell, but it went wall to wall 50 00:03:08,600 --> 00:03:11,800 Speaker 1: kitchen cabinets. For the lower kitchen cabinets, they're suspended in 51 00:03:11,880 --> 00:03:17,040 Speaker 1: the air. The floor fell out from underneath those. Uh, 52 00:03:17,360 --> 00:03:19,600 Speaker 1: this is in a bad of an eye. I was 53 00:03:19,639 --> 00:03:23,000 Speaker 1: in four foot of water, which I didn't know was 54 00:03:23,080 --> 00:03:27,160 Speaker 1: there until I went in. I had a cell phone 55 00:03:27,240 --> 00:03:30,920 Speaker 1: with me, no signal. It took me about twenty minutes 56 00:03:30,960 --> 00:03:33,040 Speaker 1: to get out of the hole that I was in. 57 00:03:34,280 --> 00:03:36,720 Speaker 1: The stuff and it fell in, was floating in the water, 58 00:03:36,840 --> 00:03:39,720 Speaker 1: and I kept stepping on things to try to push 59 00:03:39,720 --> 00:03:44,240 Speaker 1: myself up, and it took me about, i'd say twenty 60 00:03:44,280 --> 00:03:49,280 Speaker 1: minutes just to get up out of the kitchen. And 61 00:03:49,360 --> 00:03:52,200 Speaker 1: I went upstairs and told my wife. She couldn't believe it. 62 00:03:52,320 --> 00:03:55,240 Speaker 1: She come down and where we did have a kitchen 63 00:03:55,320 --> 00:03:59,120 Speaker 1: and dining room didn't have it anymore. Now you've got 64 00:03:59,200 --> 00:04:01,160 Speaker 1: to use your machine. Nice on the wrist of it. 65 00:04:01,640 --> 00:04:05,920 Speaker 1: And so I went down. They got electric stove. He 66 00:04:05,960 --> 00:04:09,320 Speaker 1: had hit me in the back of the head. So 67 00:04:10,960 --> 00:04:15,480 Speaker 1: I was thinking, what would been imbursing too if it 68 00:04:15,560 --> 00:04:20,200 Speaker 1: was in the paper man drowns and kitchen, which I 69 00:04:20,240 --> 00:04:23,080 Speaker 1: wouldn't know about it. It's not exactly the way I 70 00:04:23,080 --> 00:04:27,760 Speaker 1: don't want to go. He said. It felt like, you know, 71 00:04:27,800 --> 00:04:29,760 Speaker 1: in an old, an old cowboy movie when they when 72 00:04:29,760 --> 00:04:31,479 Speaker 1: they hang a guy and he falls to the platform 73 00:04:31,520 --> 00:04:33,159 Speaker 1: of the floor, you know. He said, it felt like 74 00:04:33,160 --> 00:04:35,919 Speaker 1: falling into a swimming pool. And uh it basically it 75 00:04:35,960 --> 00:04:38,960 Speaker 1: basically ruined his house. He had to move. He now 76 00:04:39,000 --> 00:04:42,080 Speaker 1: lives a few miles away in a rental, which really 77 00:04:42,120 --> 00:04:44,599 Speaker 1: burns him. He's very unhappy that. You know, he spent 78 00:04:44,640 --> 00:04:46,479 Speaker 1: all so much of his life. He actually worked as 79 00:04:46,520 --> 00:04:49,280 Speaker 1: a coal miner before he retired, and spent a lot 80 00:04:49,320 --> 00:04:50,880 Speaker 1: of his life making money to pay off the mortgage 81 00:04:50,880 --> 00:04:52,560 Speaker 1: on his house, and then now he's paying rent, you know, 82 00:04:52,600 --> 00:04:55,560 Speaker 1: for a different house. Um, it's pretty unhappy about that. 83 00:04:56,400 --> 00:04:59,719 Speaker 1: It costs a hundred sixty dollars a month to run 84 00:04:59,760 --> 00:05:04,200 Speaker 1: upon to pump this water down, and uh, I hope 85 00:05:04,240 --> 00:05:08,040 Speaker 1: to make it back. I hope the house can be fixed, 86 00:05:08,200 --> 00:05:10,359 Speaker 1: but we won't know until we're empty it to see 87 00:05:10,400 --> 00:05:13,599 Speaker 1: what we have inside. And what happened to him is 88 00:05:13,640 --> 00:05:16,839 Speaker 1: really what your story is all about. That this mine 89 00:05:17,400 --> 00:05:20,680 Speaker 1: no longer in use, is sitting there and it's causing 90 00:05:20,680 --> 00:05:23,560 Speaker 1: all kinds of trouble and it's supposed to get fixed. 91 00:05:24,080 --> 00:05:28,480 Speaker 1: So just what happens when mine closes down? Yeah? Yeah, 92 00:05:28,560 --> 00:05:31,359 Speaker 1: So you might think like, okay, they they're done with 93 00:05:31,360 --> 00:05:33,640 Speaker 1: the coal, like whatever. They just kind of close up 94 00:05:33,680 --> 00:05:36,039 Speaker 1: the entrance and and that's it and everything's fine. But 95 00:05:36,360 --> 00:05:39,440 Speaker 1: in reality, an old coal mine leaves a huge mess. 96 00:05:40,160 --> 00:05:43,800 Speaker 1: And so one thing that very frequently happens is that 97 00:05:43,920 --> 00:05:46,680 Speaker 1: because of that activity of pulling all the coal out, 98 00:05:47,080 --> 00:05:51,159 Speaker 1: you you sort of unearth all these noxious chemicals that 99 00:05:51,200 --> 00:05:54,440 Speaker 1: are naturally occurring but that would never cause a problem 100 00:05:54,560 --> 00:05:57,680 Speaker 1: unless something like mining happened to sort of cause them 101 00:05:57,760 --> 00:06:00,479 Speaker 1: to come out all at once. It's super common for 102 00:06:00,520 --> 00:06:04,520 Speaker 1: the area around the coal to have like material that 103 00:06:04,920 --> 00:06:07,840 Speaker 1: when water flows in their water and air that that 104 00:06:07,880 --> 00:06:11,800 Speaker 1: were never there before. They essentially become highly acidic, and 105 00:06:11,839 --> 00:06:15,280 Speaker 1: then the the acid water picks up things like metals 106 00:06:15,320 --> 00:06:18,359 Speaker 1: like iron and aluminum, which is why the water that 107 00:06:18,400 --> 00:06:21,320 Speaker 1: flows out of old mines is typically bright orange or 108 00:06:21,400 --> 00:06:24,240 Speaker 1: very often bright orange, because it's it's so laden with iron, 109 00:06:24,640 --> 00:06:27,640 Speaker 1: and that's just kind of a signal that something's wrong. 110 00:06:27,880 --> 00:06:30,719 Speaker 1: But it's the acidity that typically will kill any aquatic 111 00:06:30,760 --> 00:06:32,320 Speaker 1: life or something that would want to live in it. 112 00:06:32,600 --> 00:06:36,120 Speaker 1: So in Appalachia there's thousands of miles of creeks and 113 00:06:36,200 --> 00:06:39,279 Speaker 1: streams that are affected by what they call acid mind drainage. 114 00:06:39,520 --> 00:06:42,560 Speaker 1: In addition to that, you have selenium, which is a 115 00:06:42,720 --> 00:06:46,960 Speaker 1: necessary nutrient, but in high enough quantities it could become 116 00:06:47,000 --> 00:06:51,559 Speaker 1: toxic to birds and insects, and so in some parts 117 00:06:51,560 --> 00:06:54,200 Speaker 1: of West Virginia Kentucky you have creeks that are also 118 00:06:54,240 --> 00:06:56,880 Speaker 1: poisoned with that, and it's extremely difficult to get rid of. 119 00:06:57,240 --> 00:07:00,120 Speaker 1: So just from the activity of digging things up, you 120 00:07:00,160 --> 00:07:02,400 Speaker 1: have all these really profound problems. And then, of course, 121 00:07:02,400 --> 00:07:04,680 Speaker 1: in addition, you have what Josh was talking about was 122 00:07:04,839 --> 00:07:08,159 Speaker 1: just the drainage of actually affecting people who live nearby, 123 00:07:08,279 --> 00:07:11,800 Speaker 1: and you also have in in mountaintop removal mining, you 124 00:07:11,880 --> 00:07:15,000 Speaker 1: have just these giant piles of rock that are basically 125 00:07:15,040 --> 00:07:17,200 Speaker 1: what's left of the mountain when it's been kind of 126 00:07:17,360 --> 00:07:19,960 Speaker 1: blown up. You're actually just kind of blowing the top 127 00:07:20,000 --> 00:07:22,360 Speaker 1: off a mountain and then kind of dumping it into 128 00:07:22,400 --> 00:07:24,840 Speaker 1: the nearest valley. And so what you're left with is this. 129 00:07:25,240 --> 00:07:27,320 Speaker 1: You know, where you before you had a forest that 130 00:07:27,440 --> 00:07:29,600 Speaker 1: had things growing on it. Now you've just kind of 131 00:07:29,640 --> 00:07:34,440 Speaker 1: like the surface of the moon or something. So we 132 00:07:34,480 --> 00:07:36,600 Speaker 1: all know that mining, and you do a great job 133 00:07:36,600 --> 00:07:39,280 Speaker 1: of describing, and it is dirty business. Um. And so 134 00:07:39,360 --> 00:07:42,280 Speaker 1: when mines are done, the mining companies are supposed to 135 00:07:42,720 --> 00:07:45,480 Speaker 1: make it right. What are they supposed to do? There's 136 00:07:45,520 --> 00:07:47,840 Speaker 1: a federal law that mining companies have to when they're 137 00:07:47,840 --> 00:07:49,800 Speaker 1: done mining, when they're done taking coal out of the ground, 138 00:07:49,960 --> 00:07:53,080 Speaker 1: they have to restore the land to it's roughly to 139 00:07:53,120 --> 00:07:55,520 Speaker 1: its original contours, you know, so it has a similar, 140 00:07:55,680 --> 00:07:57,680 Speaker 1: similar or the same shape in terms of there was 141 00:07:57,720 --> 00:07:59,800 Speaker 1: a mountain here in a valley here. They have to 142 00:08:00,280 --> 00:08:04,080 Speaker 1: plant vegetation so that there are something growing there, and 143 00:08:04,120 --> 00:08:06,640 Speaker 1: they have to make sure that there's not water runoff 144 00:08:06,720 --> 00:08:09,280 Speaker 1: that is bad for people or animals or plants or 145 00:08:09,320 --> 00:08:12,240 Speaker 1: wildlife that live nearby or downstream. So that's both making 146 00:08:12,240 --> 00:08:14,160 Speaker 1: sure that the water is not running in some totally 147 00:08:14,160 --> 00:08:16,680 Speaker 1: different way like with flooding, and also that it's not 148 00:08:17,160 --> 00:08:20,680 Speaker 1: poisoned or laden with chemicals. You spoke to an advigate 149 00:08:20,840 --> 00:08:25,400 Speaker 1: called Aaron Savage with a group called Apple lachin voices, 150 00:08:26,160 --> 00:08:28,960 Speaker 1: right right, right, Yeah, here's what she had to say 151 00:08:28,960 --> 00:08:33,319 Speaker 1: about the process of reclamation. After nineteen seventy seven, coal 152 00:08:33,400 --> 00:08:37,440 Speaker 1: companies became legally required to reclaim the minds that they 153 00:08:37,559 --> 00:08:41,720 Speaker 1: had started. The law past regulate coal mining is called 154 00:08:41,760 --> 00:08:46,880 Speaker 1: the Surface Mining Control and Reclamation Act. We commonly refer 155 00:08:46,960 --> 00:08:50,559 Speaker 1: to it as smackra. Some of it's simpler in terms 156 00:08:50,559 --> 00:08:53,840 Speaker 1: of moving dirt around. That's at least like pretty easily understandable, 157 00:08:53,840 --> 00:08:56,000 Speaker 1: and you can see when you're done that, Okay, that's 158 00:08:56,280 --> 00:08:58,440 Speaker 1: maybe not as pretty as it was before. But the 159 00:08:58,480 --> 00:09:03,240 Speaker 1: water treatment which wrote about is really a long term 160 00:09:03,240 --> 00:09:05,200 Speaker 1: and really a difficult thing. When when I was in 161 00:09:05,240 --> 00:09:07,880 Speaker 1: West Virginia, I went out with some guys who try 162 00:09:07,920 --> 00:09:10,480 Speaker 1: to keep track of the clean up of these acid 163 00:09:10,520 --> 00:09:12,920 Speaker 1: mind drainage streams and to give you a sense of 164 00:09:12,960 --> 00:09:15,839 Speaker 1: the kind of long term environmental consequences here. One of 165 00:09:15,920 --> 00:09:18,120 Speaker 1: the places we went to there was a stream that 166 00:09:18,720 --> 00:09:21,280 Speaker 1: had been poison since the eight nineties and it was 167 00:09:21,360 --> 00:09:24,920 Speaker 1: still acidic until just a couple of years ago when 168 00:09:24,960 --> 00:09:27,400 Speaker 1: the state finally got around to cleaning it up. And 169 00:09:27,720 --> 00:09:30,560 Speaker 1: what they're doing it turns out to be very expensive 170 00:09:30,800 --> 00:09:34,400 Speaker 1: and long term expensive because if you think of it, 171 00:09:34,400 --> 00:09:37,360 Speaker 1: it's it's basically it's acid, just like household vinegar. If 172 00:09:37,360 --> 00:09:39,240 Speaker 1: you want to clean it up, you essentially just have 173 00:09:39,320 --> 00:09:42,760 Speaker 1: to apply a base to neutralize it. And so what 174 00:09:42,800 --> 00:09:46,160 Speaker 1: they do is they typically install these like giant silos 175 00:09:46,200 --> 00:09:49,240 Speaker 1: along the stream with a machine that's kind of constantly 176 00:09:49,320 --> 00:09:53,720 Speaker 1: dumping this limestone powder into the creek. And so that's expensive. 177 00:09:53,760 --> 00:09:57,080 Speaker 1: It's like electricity and material that could easily be needed 178 00:09:57,080 --> 00:09:59,719 Speaker 1: for another hundred years. And I went out with these 179 00:09:59,720 --> 00:10:02,360 Speaker 1: guys to test some samples of water and see how 180 00:10:02,400 --> 00:10:04,400 Speaker 1: things were going. And one of them said, you know, 181 00:10:04,440 --> 00:10:06,800 Speaker 1: if this machine were to break down for twenty four hours, 182 00:10:06,800 --> 00:10:08,839 Speaker 1: this whole stream is back to square one everything and 183 00:10:08,920 --> 00:10:11,920 Speaker 1: it dies and we'll have to start over. It's almost 184 00:10:11,960 --> 00:10:14,640 Speaker 1: like the stream is on life support. Yeah, it's it's 185 00:10:14,679 --> 00:10:18,520 Speaker 1: it's depending on the machine. But they have signs out 186 00:10:18,520 --> 00:10:23,240 Speaker 1: with the roads saying it is poison they've told the 187 00:10:23,280 --> 00:10:26,960 Speaker 1: people in the hollow, don't let your kids play in it, 188 00:10:27,040 --> 00:10:31,120 Speaker 1: and don't let your animals drink from it. But this 189 00:10:31,160 --> 00:10:35,080 Speaker 1: water goes to the river, they treat it down there, 190 00:10:35,240 --> 00:10:37,320 Speaker 1: and they send it back to us as drinking water. 191 00:10:39,960 --> 00:10:42,280 Speaker 1: I still don't know who posted a sign out there 192 00:10:44,040 --> 00:10:49,560 Speaker 1: tell them about the water. But if I put polluted 193 00:10:49,600 --> 00:10:52,800 Speaker 1: water in the creek, I'm sure somebody'd be after me. 194 00:10:54,080 --> 00:10:59,120 Speaker 1: Cold companies can they're a little bit lax the hold 195 00:10:59,120 --> 00:11:03,959 Speaker 1: of them, you know, accountable. And there are so many streams, 196 00:11:04,360 --> 00:11:07,160 Speaker 1: you know, not just rivers, but streams that are anywhere 197 00:11:07,200 --> 00:11:09,360 Speaker 1: from a flow to a trickle that you can't put 198 00:11:09,440 --> 00:11:12,839 Speaker 1: machinery on all of them. Some of these decisions are 199 00:11:13,080 --> 00:11:16,439 Speaker 1: kind of up to regulators point of view, regulator's decision. 200 00:11:16,640 --> 00:11:18,760 Speaker 1: One long time regulator I talked to, he actually ended 201 00:11:18,840 --> 00:11:21,960 Speaker 1: up being Obama's head of mind reclamation. He said that 202 00:11:22,000 --> 00:11:23,840 Speaker 1: when he was when he was coming up, when he 203 00:11:23,880 --> 00:11:27,280 Speaker 1: was a young regulator in Pennsylvania, one a guy he 204 00:11:27,320 --> 00:11:30,160 Speaker 1: worked with had a had a unique method for deciding 205 00:11:30,160 --> 00:11:32,640 Speaker 1: whether or not a stream was big enough or important 206 00:11:32,720 --> 00:11:35,040 Speaker 1: enough to be protected. And he said, if you could 207 00:11:35,040 --> 00:11:37,920 Speaker 1: piss across it, that it wasn't big enough to warrant protection. 208 00:11:38,440 --> 00:11:42,200 Speaker 1: My conversation with Zachary Miter and Josh Saul continues, after 209 00:11:42,240 --> 00:11:50,600 Speaker 1: the break, that's got to be pretty expensive work to 210 00:11:50,920 --> 00:11:55,920 Speaker 1: restore what has been upturned by mining for you know, decades. 211 00:11:55,960 --> 00:11:59,000 Speaker 1: Often the problem with Smacker at this point is that 212 00:11:59,679 --> 00:12:03,720 Speaker 1: the work fuirements for reclamation are unclear, and there isn't 213 00:12:03,840 --> 00:12:08,439 Speaker 1: enough money available to do the reclamation. Aaron Savage has 214 00:12:08,440 --> 00:12:11,120 Speaker 1: done some work to try to figure out how big 215 00:12:11,160 --> 00:12:14,400 Speaker 1: this whole problem is of cleaning up Appalachian coal country, 216 00:12:14,559 --> 00:12:17,720 Speaker 1: and she estimates that it's going to cost something like 217 00:12:17,800 --> 00:12:20,720 Speaker 1: eight or ten billion dollars to clean up all the 218 00:12:20,760 --> 00:12:23,600 Speaker 1: minds that still have to be reclaimed. And then she 219 00:12:23,640 --> 00:12:25,440 Speaker 1: went in and tried to figure out how much money 220 00:12:25,440 --> 00:12:28,480 Speaker 1: is available to do that, and it doesn't look good 221 00:12:28,559 --> 00:12:31,400 Speaker 1: because there's some bond money set aside that these companies 222 00:12:31,440 --> 00:12:34,760 Speaker 1: have to post, but it's not nearly as much as 223 00:12:34,800 --> 00:12:37,640 Speaker 1: their obligations. And so if these companies fail, as a 224 00:12:37,720 --> 00:12:40,520 Speaker 1: lot of them do, that difference is going to have 225 00:12:40,559 --> 00:12:42,319 Speaker 1: to be borne by somebody else, and so it will 226 00:12:42,360 --> 00:12:44,200 Speaker 1: either be that the work doesn't get done and it's 227 00:12:44,240 --> 00:12:46,520 Speaker 1: sort of borne by the environment, or it has to 228 00:12:46,559 --> 00:12:50,120 Speaker 1: be paid for by you know, state reclamation funds, which 229 00:12:50,120 --> 00:12:53,160 Speaker 1: are sometimes funded by taxes on coal, so it's kind 230 00:12:53,160 --> 00:12:55,719 Speaker 1: of funded by the industry. But if those run out, 231 00:12:55,760 --> 00:12:58,319 Speaker 1: then ultimately it would be the taxpayers that would have 232 00:12:58,400 --> 00:13:00,839 Speaker 1: to come up with a difference. All our companies willing 233 00:13:01,240 --> 00:13:04,959 Speaker 1: to at least try. Companies often don't want to do 234 00:13:05,400 --> 00:13:08,600 Speaker 1: the cleanup. It's hard, it's expensive, it takes a long time, 235 00:13:08,600 --> 00:13:11,520 Speaker 1: it takes equipment away from the profitable activity of actually 236 00:13:11,559 --> 00:13:14,600 Speaker 1: mining coal. Uh So, something that they prefer to do 237 00:13:14,720 --> 00:13:18,120 Speaker 1: and are reporting found often have been doing, is instead 238 00:13:18,200 --> 00:13:21,599 Speaker 1: of cleaning up that land, they instead offload or transfer 239 00:13:21,720 --> 00:13:24,800 Speaker 1: or sell those mining permits to another company, often to 240 00:13:24,880 --> 00:13:27,520 Speaker 1: a smaller company that's willing to take on those clean 241 00:13:27,600 --> 00:13:31,320 Speaker 1: up obligations. They can do that by selling the mining permits, 242 00:13:31,440 --> 00:13:33,600 Speaker 1: or they can also do that by basically giving the 243 00:13:33,600 --> 00:13:36,840 Speaker 1: mining permits, and sometimes they do give along a substantial 244 00:13:37,080 --> 00:13:39,680 Speaker 1: chunk of money so that the smaller company has some 245 00:13:39,760 --> 00:13:42,080 Speaker 1: kind of resources to do the cleanup. But you have 246 00:13:42,120 --> 00:13:45,040 Speaker 1: a situation where you have smaller companies with a lot 247 00:13:45,080 --> 00:13:48,880 Speaker 1: fewer people, with less expertise, and they then suddenly have 248 00:13:49,320 --> 00:13:52,520 Speaker 1: sometimes hundreds of mining permits that they're responsible for cleaning up, 249 00:13:52,720 --> 00:13:55,200 Speaker 1: and we found that those companies have been, for the 250 00:13:55,200 --> 00:13:57,080 Speaker 1: most part, at least in the main case that we 251 00:13:57,120 --> 00:13:59,840 Speaker 1: looked at, not cleaning up many of the minds and 252 00:14:00,000 --> 00:14:06,319 Speaker 1: also racking up huge numbers of environmental violations. You read 253 00:14:06,320 --> 00:14:09,839 Speaker 1: about one company in particular and how they did exactly 254 00:14:10,200 --> 00:14:13,120 Speaker 1: what you're describing, Zac. Can you tell about how that happened. 255 00:14:13,640 --> 00:14:17,280 Speaker 1: Alpha was one of the biggest coal companies in the country. 256 00:14:17,520 --> 00:14:20,360 Speaker 1: Basically the whole industry sort of went broke in the 257 00:14:20,400 --> 00:14:24,000 Speaker 1: mid two thousands because of the collapsing demand for coal 258 00:14:24,080 --> 00:14:27,840 Speaker 1: because of cheaper competition from natural gas, and so in 259 00:14:27,880 --> 00:14:29,920 Speaker 1: the course of sort of working its way out of 260 00:14:30,240 --> 00:14:34,560 Speaker 1: bankruptcy and just afterwards, Alpha undertook this transaction where they said, well, 261 00:14:34,560 --> 00:14:37,560 Speaker 1: we have all these old coal mines in in Appalachia 262 00:14:37,640 --> 00:14:40,560 Speaker 1: that basically I don't have any coal that's worth mining anymore, 263 00:14:40,720 --> 00:14:43,040 Speaker 1: and so we're going to shift them to this small 264 00:14:43,200 --> 00:14:46,120 Speaker 1: company that actually didn't have a lot going on at 265 00:14:46,160 --> 00:14:49,560 Speaker 1: all until Alpha transferred all these mines to it, so 266 00:14:49,960 --> 00:14:53,360 Speaker 1: hundreds of mining permits and um they handed over some 267 00:14:53,360 --> 00:14:57,200 Speaker 1: some money as well, and the plan was, you know 268 00:14:57,280 --> 00:15:00,240 Speaker 1: this this company Lexington. What es such a just be 269 00:15:00,280 --> 00:15:03,280 Speaker 1: in the business of of cleaning up all these old mines. 270 00:15:03,360 --> 00:15:05,520 Speaker 1: That's that's what I was gonna do. This was the 271 00:15:05,600 --> 00:15:11,360 Speaker 1: smaller company that took on all these permits, That's right, Yeah, 272 00:15:11,440 --> 00:15:13,280 Speaker 1: And that that ended up being a great deal for 273 00:15:13,320 --> 00:15:16,320 Speaker 1: Alpha because you know, is now publicly traded company again 274 00:15:16,360 --> 00:15:18,200 Speaker 1: and they can tell their investors, look, we don't have 275 00:15:18,320 --> 00:15:23,400 Speaker 1: this legacy obligation of uncertain costs that will be burdened with, 276 00:15:23,600 --> 00:15:25,640 Speaker 1: you know, for a long time while while all this 277 00:15:25,680 --> 00:15:28,280 Speaker 1: cleanup happens. Instead, we can just focus on the future, 278 00:15:28,360 --> 00:15:30,960 Speaker 1: focus on the minds we have now they're still operating 279 00:15:31,040 --> 00:15:33,080 Speaker 1: with with coal in them, and you don't have to 280 00:15:33,120 --> 00:15:35,800 Speaker 1: worry about any of those old clean up jobs. These 281 00:15:35,800 --> 00:15:39,080 Speaker 1: asset transfers and this this strategy, this playbook has been 282 00:15:39,080 --> 00:15:41,360 Speaker 1: tremendously profitable for a lot of these companies. A number 283 00:15:41,360 --> 00:15:44,960 Speaker 1: of these big coal companies have had record profits. Alpha specifically, 284 00:15:45,040 --> 00:15:47,600 Speaker 1: it's executives have earned tens of millions of dollars over 285 00:15:47,720 --> 00:15:50,440 Speaker 1: say the past decade or so, and the company's stock 286 00:15:50,560 --> 00:15:55,520 Speaker 1: is up something like seven So Alpha is just one 287 00:15:55,600 --> 00:15:59,720 Speaker 1: of several companies um involved in minds that need to 288 00:15:59,760 --> 00:16:03,320 Speaker 1: be cleaned up. The example you use with Alpha is 289 00:16:03,400 --> 00:16:07,280 Speaker 1: just one example. Absolutely yeah, and Alpha is just one 290 00:16:07,280 --> 00:16:10,080 Speaker 1: of many coal companies that use the same playbook and 291 00:16:10,480 --> 00:16:14,560 Speaker 1: effectively offloaded or passed off it's clean up obligations, which 292 00:16:14,600 --> 00:16:18,240 Speaker 1: is all entirely legal because it's approved by state regulators. 293 00:16:18,280 --> 00:16:22,720 Speaker 1: That's right. Now. Why would Lexington, a smaller company, not 294 00:16:22,800 --> 00:16:27,920 Speaker 1: a lot of assets, take over essentially spent minds and 295 00:16:28,080 --> 00:16:32,040 Speaker 1: tons and tons of obligations. What is the incentive for them? 296 00:16:32,120 --> 00:16:34,840 Speaker 1: I think there's there's two. There's two incentives for Lexington 297 00:16:34,880 --> 00:16:37,720 Speaker 1: in a situation like that. The first is that some 298 00:16:37,840 --> 00:16:40,440 Speaker 1: of the minds do have coal left in them, and 299 00:16:40,600 --> 00:16:43,360 Speaker 1: coal can be mined profitably, especially when coal prices are 300 00:16:43,440 --> 00:16:46,000 Speaker 1: high like they are right now. To to abstract away 301 00:16:46,000 --> 00:16:48,320 Speaker 1: from Lexington to kind of all of these companies in 302 00:16:48,360 --> 00:16:52,160 Speaker 1: general that are taking on these obligations, they don't necessarily 303 00:16:52,240 --> 00:16:54,280 Speaker 1: have that much money in the game. In other words, 304 00:16:54,360 --> 00:16:56,880 Speaker 1: they're taking on a huge amount of obligation, but if 305 00:16:56,880 --> 00:16:59,840 Speaker 1: things go south then they fail, they haven't actually that 306 00:17:00,120 --> 00:17:02,840 Speaker 1: much on that outcome. Whereas if it turns out to 307 00:17:02,840 --> 00:17:07,960 Speaker 1: be less expensive, or if coal prices recover dramatically, some 308 00:17:08,040 --> 00:17:10,680 Speaker 1: of those defunct minds become useful again. They kind of 309 00:17:10,720 --> 00:17:13,200 Speaker 1: get all that upside. Well, one thing that you describe 310 00:17:13,200 --> 00:17:17,320 Speaker 1: in the story is that in some cases, these smaller 311 00:17:17,359 --> 00:17:21,560 Speaker 1: companies don't have enough money, and then taxpayers wind up 312 00:17:21,720 --> 00:17:24,360 Speaker 1: holding the bag. Right. That's the thing is that by 313 00:17:24,480 --> 00:17:27,600 Speaker 1: by transferring minds from a kind of big company with 314 00:17:27,640 --> 00:17:30,320 Speaker 1: a lot of coal, like Alpha, to a smaller company 315 00:17:30,320 --> 00:17:32,360 Speaker 1: that doesn't really have anything else going on, what you're 316 00:17:32,400 --> 00:17:35,080 Speaker 1: doing is essentially guaranteeing that whoever is going to have 317 00:17:35,080 --> 00:17:37,800 Speaker 1: to pay for that long term, it won't be Alpha. Josh, 318 00:17:37,800 --> 00:17:41,520 Speaker 1: what did Alpha and Lexington say when you ask them 319 00:17:41,520 --> 00:17:44,680 Speaker 1: about this? Alpha said that, you know, first of all, 320 00:17:44,720 --> 00:17:47,760 Speaker 1: we're a very environmentally conscious company, and where they say 321 00:17:47,760 --> 00:17:51,040 Speaker 1: that they're proud of their standards. More specifically, they say 322 00:17:51,040 --> 00:17:55,480 Speaker 1: that they often pass along substantial payments to the companies 323 00:17:55,520 --> 00:17:58,200 Speaker 1: that take on their clean up obligations, and they also 324 00:17:58,240 --> 00:18:01,160 Speaker 1: say that all of these transfers are approved by state 325 00:18:01,240 --> 00:18:05,360 Speaker 1: by state regulators. Lexington told me that they would comment, 326 00:18:05,720 --> 00:18:09,359 Speaker 1: but never actually sent along any answers to any questions. Josh, 327 00:18:09,359 --> 00:18:12,359 Speaker 1: you mentioned the state regulators having to approve these deals, 328 00:18:12,400 --> 00:18:15,720 Speaker 1: and that's exactly what happened. In this case right where 329 00:18:15,720 --> 00:18:20,520 Speaker 1: they they spelled out this plan and the state regulators 330 00:18:20,560 --> 00:18:23,040 Speaker 1: looked at it and they did approve it. And what 331 00:18:23,200 --> 00:18:27,240 Speaker 1: was in the plan plan was that Lexington would take 332 00:18:27,240 --> 00:18:29,760 Speaker 1: on all the obligations. Lexington would do all the clean 333 00:18:29,840 --> 00:18:33,439 Speaker 1: up that Alpha had promised to do, even set aside 334 00:18:33,440 --> 00:18:36,960 Speaker 1: money to do it. But it basically passed along money 335 00:18:37,000 --> 00:18:41,159 Speaker 1: to Lexington, and Lexington at that point had all the 336 00:18:41,200 --> 00:18:45,159 Speaker 1: obligations and Alpha went on its way. We haven't had 337 00:18:45,160 --> 00:18:47,320 Speaker 1: a final accounting yet of how much money has actually 338 00:18:47,359 --> 00:18:50,840 Speaker 1: left UM to clean this stuff up, but there's a 339 00:18:50,840 --> 00:18:54,719 Speaker 1: lot of signs that it doesn't look great because these minds, 340 00:18:54,840 --> 00:18:57,800 Speaker 1: rather than being owned by these coal companies that are 341 00:18:57,840 --> 00:19:01,399 Speaker 1: super profitable this year, are instead owned by these like 342 00:19:01,480 --> 00:19:04,800 Speaker 1: little companies we can't even really tell if they're in 343 00:19:04,840 --> 00:19:07,600 Speaker 1: business or in some cases they've already gone bankrupt or 344 00:19:07,720 --> 00:19:11,200 Speaker 1: or or put in receivership already, so they they're sort 345 00:19:11,200 --> 00:19:15,040 Speaker 1: of unable to benefit from the revival in the coal 346 00:19:15,080 --> 00:19:17,679 Speaker 1: industry that we're seeing. So to take the kind of 347 00:19:17,720 --> 00:19:20,680 Speaker 1: big picture perspective, you know, for for a hundred years 348 00:19:20,680 --> 00:19:23,040 Speaker 1: in the coal industry, there were no rules about this. 349 00:19:23,160 --> 00:19:24,879 Speaker 1: You could just dig in mine and then kind of 350 00:19:24,920 --> 00:19:28,959 Speaker 1: walk away, and so um the federal government to this 351 00:19:29,080 --> 00:19:31,919 Speaker 1: day is I mean, they just approved a big spending 352 00:19:31,960 --> 00:19:34,920 Speaker 1: bill that would spend billions of dollars cleaning up those 353 00:19:34,960 --> 00:19:38,360 Speaker 1: old messes from back before there were rules. We're still 354 00:19:38,400 --> 00:19:41,840 Speaker 1: cleaning that up. Since nine there's been this federal law 355 00:19:41,880 --> 00:19:44,560 Speaker 1: that says the coal companies have to clean it up, 356 00:19:44,560 --> 00:19:46,480 Speaker 1: and there's all these kind of checks and balances to 357 00:19:46,520 --> 00:19:48,760 Speaker 1: make sure they really do. And that's what we're talking 358 00:19:48,800 --> 00:19:51,959 Speaker 1: about here. There's there's so many different ways that that 359 00:19:52,119 --> 00:19:56,080 Speaker 1: system can fail, and ultimately, if if it does, we 360 00:19:56,119 --> 00:19:58,760 Speaker 1: could be back in a situation where the federal government 361 00:19:58,760 --> 00:20:01,600 Speaker 1: has to come in and and pay for these cleanups 362 00:20:01,600 --> 00:20:05,680 Speaker 1: that we're supposed to be the private industry's responsibility. Why 363 00:20:05,680 --> 00:20:10,480 Speaker 1: aren't the state boards that oversee this taking a harder line, Well, 364 00:20:10,680 --> 00:20:13,680 Speaker 1: they're the state regulators are in a tough position because 365 00:20:14,320 --> 00:20:18,640 Speaker 1: you know, states like Kentucky and West Virginia they want 366 00:20:19,040 --> 00:20:21,000 Speaker 1: their old minds to be cleaned up, but they also 367 00:20:21,080 --> 00:20:24,080 Speaker 1: want coal jobs and they want their coal companies to 368 00:20:24,119 --> 00:20:27,720 Speaker 1: be healthy and profitable, and so oftentimes in the short 369 00:20:27,800 --> 00:20:30,760 Speaker 1: term there's really a trade off there. If a coal 370 00:20:30,760 --> 00:20:32,720 Speaker 1: company says, hey, listen, we we need a little more 371 00:20:32,720 --> 00:20:35,760 Speaker 1: time on this, or why don't you prove this deal 372 00:20:35,840 --> 00:20:37,560 Speaker 1: so we can like keep all our guys at work. 373 00:20:37,760 --> 00:20:40,840 Speaker 1: You know, that's very tempting to state regulator. So sometimes 374 00:20:41,000 --> 00:20:43,679 Speaker 1: the regulators have to weigh on the one hand, like 375 00:20:43,720 --> 00:20:46,680 Speaker 1: they want to support the industry, but that might kind 376 00:20:46,680 --> 00:20:49,000 Speaker 1: of lead them to say, well, we'll think about reclamation, 377 00:20:49,680 --> 00:20:52,520 Speaker 1: you know, as as our second priority, or maybe we'll 378 00:20:52,520 --> 00:20:56,160 Speaker 1: worry about that later. And so over time, that's part 379 00:20:56,160 --> 00:20:58,280 Speaker 1: of the reason that they're kind of willing to approve 380 00:20:58,320 --> 00:21:01,840 Speaker 1: these deals. That separates the kind of profitable part of 381 00:21:01,840 --> 00:21:06,120 Speaker 1: the industry from the clean up obligations. We'll talk about 382 00:21:06,119 --> 00:21:15,760 Speaker 1: where things go from here when we come back. In Appalachia, 383 00:21:15,840 --> 00:21:18,639 Speaker 1: there are any number of people who are taking it 384 00:21:18,760 --> 00:21:23,880 Speaker 1: upon themselves to monitor this clean up uh, to put 385 00:21:23,960 --> 00:21:26,560 Speaker 1: pressure on mining companies to do it and to see 386 00:21:26,680 --> 00:21:29,359 Speaker 1: what's being cleaned up in and what's not. One of 387 00:21:29,359 --> 00:21:32,960 Speaker 1: them you spoke to was a person called Junior Walk. 388 00:21:33,720 --> 00:21:35,960 Speaker 1: Junior grew up kind of in the heart of coal 389 00:21:36,040 --> 00:21:39,040 Speaker 1: country along the Coal River, and there's a number of 390 00:21:39,040 --> 00:21:42,159 Speaker 1: coal companies operating along there. He was affected by coal 391 00:21:42,520 --> 00:21:44,720 Speaker 1: kind of starting out as a kid his his grandfather 392 00:21:44,840 --> 00:21:46,680 Speaker 1: was a miner. He said he saw as a kid 393 00:21:46,720 --> 00:21:49,640 Speaker 1: his grandfather welding little jack rocks, which is what coal 394 00:21:49,680 --> 00:21:52,280 Speaker 1: miners would make, sort of little little caltrops out of 395 00:21:52,320 --> 00:21:55,639 Speaker 1: nails to throw in the way of coal trucks during 396 00:21:55,720 --> 00:22:00,160 Speaker 1: labor disputes. And coal companies also hurt his drinking water 397 00:22:00,240 --> 00:22:01,520 Speaker 1: when he was a kid. So I mean he grew 398 00:22:01,600 --> 00:22:03,600 Speaker 1: up right right in the middle of all this, and 399 00:22:03,680 --> 00:22:06,960 Speaker 1: he now works for an organization called Cold River Mountain Watch, 400 00:22:07,359 --> 00:22:10,400 Speaker 1: and he spends he spends some of his days basically 401 00:22:10,560 --> 00:22:13,280 Speaker 1: keeping an eye on patrol and keeping watch on the 402 00:22:13,320 --> 00:22:16,679 Speaker 1: coal companies that operate around around around his childhood home 403 00:22:16,680 --> 00:22:18,680 Speaker 1: and where he lives now. And one of the most 404 00:22:18,680 --> 00:22:21,240 Speaker 1: effective ways he has for doing that is flying flying 405 00:22:21,280 --> 00:22:24,480 Speaker 1: a drone. So he'll drive up. You know, he's got 406 00:22:24,520 --> 00:22:27,040 Speaker 1: an old Subaru. We we went and road with him, um, 407 00:22:27,119 --> 00:22:29,119 Speaker 1: and he's sort of cowboys, you know, straight up these 408 00:22:29,160 --> 00:22:31,960 Speaker 1: dirt roads up into these mountains and finds a spot 409 00:22:32,119 --> 00:22:36,240 Speaker 1: and him and his organization then report those violations to 410 00:22:36,600 --> 00:22:39,399 Speaker 1: state regulators and you know, try to get inspections or 411 00:22:39,400 --> 00:22:42,240 Speaker 1: trying to make sure that those companies stopped doing that 412 00:22:42,359 --> 00:22:44,800 Speaker 1: or make it right. What does it look like in 413 00:22:44,840 --> 00:22:48,760 Speaker 1: the area surrounding spent mine, Well, it's really a mix. 414 00:22:48,840 --> 00:22:51,240 Speaker 1: I mean you can be driving down a road or 415 00:22:51,359 --> 00:22:53,240 Speaker 1: you know, standing looking out down a ridge and it 416 00:22:53,280 --> 00:22:57,000 Speaker 1: can be really beautiful. Western Virginia is a breathtakingly beautiful place, 417 00:22:57,320 --> 00:22:59,159 Speaker 1: and then there could be right next to it what 418 00:22:59,320 --> 00:23:02,760 Speaker 1: looks like looks like a moonscape, just like scraped not 419 00:23:02,920 --> 00:23:05,720 Speaker 1: just to the ground, but like way way below the ground, 420 00:23:05,880 --> 00:23:08,600 Speaker 1: just gray, gray rock. You know, if you think about 421 00:23:08,600 --> 00:23:10,919 Speaker 1: the mountain like a human body, that's like, that's like 422 00:23:10,960 --> 00:23:14,400 Speaker 1: cutting your arm, right, it will eventually heal back over. 423 00:23:15,040 --> 00:23:18,160 Speaker 1: But if you're talking about a massive mountaintop removal operation, 424 00:23:18,280 --> 00:23:20,520 Speaker 1: then that's like cutting your whole arm off. It's not 425 00:23:20,600 --> 00:23:23,320 Speaker 1: going to grow back. If we were to take a 426 00:23:23,440 --> 00:23:26,520 Speaker 1: place like that that you just described, what would a 427 00:23:26,560 --> 00:23:29,840 Speaker 1: reclamation project look like? How would they bring it back? 428 00:23:30,040 --> 00:23:32,840 Speaker 1: What what steps would be involved in doing that? I 429 00:23:32,840 --> 00:23:35,400 Speaker 1: guess I'd give you an acenario and ab scenario. According 430 00:23:35,400 --> 00:23:37,160 Speaker 1: to some of the advocates we talked to, I mean 431 00:23:37,240 --> 00:23:40,280 Speaker 1: that a scenario of you know, a perfect reclamation, which 432 00:23:40,280 --> 00:23:43,320 Speaker 1: would be extraordinarily expensive, would be you know, restoring the 433 00:23:43,359 --> 00:23:46,760 Speaker 1: original contours of the land, bringing in you know, deep 434 00:23:46,960 --> 00:23:50,680 Speaker 1: top soil and then planting native vegetation that would take 435 00:23:50,680 --> 00:23:53,080 Speaker 1: a long time to grow to the kind of level 436 00:23:53,200 --> 00:23:56,560 Speaker 1: or height that it was before. Um. That's very very 437 00:23:56,680 --> 00:23:59,080 Speaker 1: rarely done except for some sort of um, you know, 438 00:23:59,160 --> 00:24:02,160 Speaker 1: pr projects or show pieces. So a lot of these 439 00:24:02,359 --> 00:24:08,600 Speaker 1: minds can become productive forest again, but it takes effort 440 00:24:08,720 --> 00:24:12,280 Speaker 1: and time and money to do that, and a lot 441 00:24:12,320 --> 00:24:17,280 Speaker 1: of the coal companies want to avoid putting that much 442 00:24:17,359 --> 00:24:20,960 Speaker 1: effort in. It's usually what's done when reclamation is done. 443 00:24:21,320 --> 00:24:24,480 Speaker 1: The there's you kind of a very rough push of 444 00:24:24,520 --> 00:24:28,280 Speaker 1: the landscape back into a topography that won't slide, you know, 445 00:24:28,359 --> 00:24:31,120 Speaker 1: that won't fall apart in a rainstorm and slide down 446 00:24:31,160 --> 00:24:34,399 Speaker 1: on somebody, and some dirt added to the top. And 447 00:24:34,400 --> 00:24:37,040 Speaker 1: then mostly a sort of sort of top soil spray 448 00:24:37,080 --> 00:24:39,600 Speaker 1: and grass seeds spray added to the top, which can 449 00:24:39,640 --> 00:24:42,840 Speaker 1: make pretty quickly some uh sort of chest high grass 450 00:24:42,880 --> 00:24:46,280 Speaker 1: through there. And then um, maybe an addition of some 451 00:24:46,280 --> 00:24:49,000 Speaker 1: some non native species like like a Russian olive, some 452 00:24:49,080 --> 00:24:51,280 Speaker 1: kind of thorny you know, not really that nice plans 453 00:24:51,320 --> 00:24:54,800 Speaker 1: that are very hardy and grow really fast. Um, and 454 00:24:54,920 --> 00:24:57,000 Speaker 1: you know kind of provide the appearance pretty quickly of 455 00:24:57,600 --> 00:25:01,000 Speaker 1: some some vegetation there, But according to the people who 456 00:25:01,040 --> 00:25:03,000 Speaker 1: live around there, don't really make a nice place to 457 00:25:03,400 --> 00:25:05,080 Speaker 1: you know, go for a walk or hunt for deer 458 00:25:05,280 --> 00:25:07,400 Speaker 1: or you know, do the sort of activities that they, 459 00:25:07,600 --> 00:25:09,720 Speaker 1: you know, like to enjoy in the in the actual 460 00:25:09,760 --> 00:25:12,840 Speaker 1: forests around there. So just a bare minimum to keep 461 00:25:12,880 --> 00:25:17,320 Speaker 1: it from becoming a mud slide forever, that's the idea, right. Yeah, 462 00:25:17,359 --> 00:25:19,959 Speaker 1: So all the areas over there that look like a 463 00:25:20,080 --> 00:25:23,960 Speaker 1: nice green meadow with no trees, that's all bare rock 464 00:25:24,160 --> 00:25:27,639 Speaker 1: that has had hydro seed sprayed on it. And hydro 465 00:25:27,760 --> 00:25:30,919 Speaker 1: seed is essentially grass seed mixed with fertilizer and like 466 00:25:31,000 --> 00:25:34,720 Speaker 1: chopping up newspaper, and that'll grow on literally anything. It'll 467 00:25:34,760 --> 00:25:37,119 Speaker 1: grow on a bare piece of rock. And that's what 468 00:25:37,200 --> 00:25:42,520 Speaker 1: it's doing over there. What happens from here, How, if 469 00:25:42,680 --> 00:25:47,879 Speaker 1: at all, does this get fixed? Uh? I know, it's 470 00:25:47,920 --> 00:25:52,440 Speaker 1: a big question. We don't really know. For the most part, 471 00:25:52,480 --> 00:25:56,400 Speaker 1: the the minds we're talking about have not been abandoned 472 00:25:56,440 --> 00:25:59,320 Speaker 1: by their owners. Right there are still companies on paper 473 00:25:59,520 --> 00:26:02,680 Speaker 1: that's say they're responsible for these minds. They're just companies 474 00:26:02,720 --> 00:26:04,840 Speaker 1: that are racking up a lot of violations, and it's 475 00:26:04,880 --> 00:26:06,720 Speaker 1: kind of unclear whether they're ever going to have the 476 00:26:06,760 --> 00:26:10,080 Speaker 1: money to do it. So if those companies fail, then 477 00:26:10,480 --> 00:26:14,520 Speaker 1: typically the next step is, well, they have bonds that 478 00:26:14,560 --> 00:26:17,080 Speaker 1: were posted at some point that that money can be 479 00:26:17,200 --> 00:26:19,720 Speaker 1: used to clean them up, but the bonds are often 480 00:26:19,760 --> 00:26:22,879 Speaker 1: not enough and as also as we reported, we're not 481 00:26:22,960 --> 00:26:25,080 Speaker 1: even sure if the insurance companies that back those bonds 482 00:26:25,119 --> 00:26:27,840 Speaker 1: will actually have the money. And then if there's still 483 00:26:27,880 --> 00:26:31,719 Speaker 1: not enough money, then the states have funds that are 484 00:26:31,760 --> 00:26:35,080 Speaker 1: backup funds that are supposed to be able to help out. 485 00:26:35,720 --> 00:26:39,560 Speaker 1: But that whole system kind of wasn't set up envisioning 486 00:26:39,560 --> 00:26:42,080 Speaker 1: a world in which coal was just ending. And in 487 00:26:42,119 --> 00:26:44,439 Speaker 1: the meantime, the people who live near these minds are 488 00:26:44,440 --> 00:26:49,560 Speaker 1: having a rough go of it. We've seen minds in 489 00:26:49,920 --> 00:26:53,360 Speaker 1: our area that have been idled for nearly a decade, 490 00:26:53,480 --> 00:26:56,560 Speaker 1: so they are not getting reclaimed and they're also not 491 00:26:56,720 --> 00:27:01,880 Speaker 1: producing coal, and as they sit, they create more pollution, 492 00:27:02,080 --> 00:27:06,240 Speaker 1: have more erosion issues and other problems because they're not 493 00:27:06,280 --> 00:27:11,120 Speaker 1: being maintained. That's that's them doing everything to the letter 494 00:27:11,200 --> 00:27:14,600 Speaker 1: of the law. I don't think the news companies going 495 00:27:14,640 --> 00:27:17,200 Speaker 1: in burst some enough to that they would do anything. 496 00:27:18,160 --> 00:27:20,920 Speaker 1: They're in the business to make money, not give it out. 497 00:27:21,920 --> 00:27:23,679 Speaker 1: You know, I look out at something like that and 498 00:27:23,760 --> 00:27:26,679 Speaker 1: I think about my family, and I think about how 499 00:27:26,720 --> 00:27:29,919 Speaker 1: certain members of my family have made a living, you know, 500 00:27:30,240 --> 00:27:32,040 Speaker 1: never held down an one to five job in their 501 00:27:32,160 --> 00:27:34,640 Speaker 1: entire lives, but just by going out in the woods 502 00:27:34,640 --> 00:27:37,320 Speaker 1: and digging jin saying, or digging blood root and yellow 503 00:27:37,400 --> 00:27:39,679 Speaker 1: root and things like that. And I think about how 504 00:27:39,720 --> 00:27:41,879 Speaker 1: much of that stuff was lost on a permit like that. 505 00:27:42,880 --> 00:27:45,040 Speaker 1: You could imagine that there just won't be enough money 506 00:27:45,080 --> 00:27:47,600 Speaker 1: in those funds that are funded by coal taxes to 507 00:27:47,680 --> 00:27:52,320 Speaker 1: pay for this kind of growing clean up obligation with 508 00:27:52,520 --> 00:27:55,440 Speaker 1: kind of falling coal revenue. And so then you're gonna 509 00:27:55,480 --> 00:27:58,480 Speaker 1: have to look to, you know, the state taxpayers, of 510 00:27:58,520 --> 00:28:01,399 Speaker 1: the federal taxpayers who all lee. We'll have to decide 511 00:28:01,400 --> 00:28:05,000 Speaker 1: if they want to pitch in. Jess and zach Mider, 512 00:28:05,400 --> 00:28:07,439 Speaker 1: thanks so much for taking the time to talk to me. 513 00:28:08,000 --> 00:28:11,359 Speaker 1: Thanks West, Thank you. You can read Zachary Miter and 514 00:28:11,480 --> 00:28:15,040 Speaker 1: Josh Saul's reporting at Bloomberg dot com. Thanks for listening 515 00:28:15,119 --> 00:28:17,600 Speaker 1: to us here at the Big Take. It's the daily 516 00:28:17,640 --> 00:28:21,880 Speaker 1: podcast from Bloomberg and I Heart Radio for more shows 517 00:28:21,960 --> 00:28:24,800 Speaker 1: from My Heart Radio, visit the I Heart Radio app, 518 00:28:25,359 --> 00:28:29,720 Speaker 1: app podcast, or wherever you listen. Read Today's story and 519 00:28:29,800 --> 00:28:33,760 Speaker 1: subscribe to our daily newsletter at bloomberg dot com. Slash 520 00:28:33,960 --> 00:28:37,440 Speaker 1: Big Take, and we'd love to hear from you. Email 521 00:28:37,600 --> 00:28:41,320 Speaker 1: us with questions or comments to Big Take at Bloomberg 522 00:28:41,400 --> 00:28:44,760 Speaker 1: dot net. The supervising producer of The Big Take is 523 00:28:44,880 --> 00:28:49,280 Speaker 1: Vicky Burgalina. Our senior producer is Katherine Fink. Our producer 524 00:28:49,360 --> 00:28:54,480 Speaker 1: is Rebecca Shasson. Our associate producer is Sam Gobauer. Raphael M. 525 00:28:54,520 --> 00:29:00,400 Speaker 1: Seeley is our engineer. Original music by Leo Sidrin. I'm 526 00:29:00,400 --> 00:29:04,040 Speaker 1: West Cassova. We'll be back tomorrow with another Big Take. 527 00:29:15,000 --> 00:29:15,040 Speaker 1: H