The Obama administration is set to refund as much as $14 million in royalties to a coal company run by billionaire investor William Koch that says it is entitled to the money since the now-shut mine on federal land was costly to operate. The subsidy, part of a decades-old program to promote coal production on public lands. Oxbow Mining, a subsidiary of Koch-controlled Oxbow Carbon LLC, closed its Elk Creek site in western Colorado two years ago after setbacks such as a fire and partial collapse made working the underground mine too costly, according to the company and regulatory paperwork.
— source reuters.com
what a shame. coal still getting subsidiaries.