Due to under-payments and bankruptcies, the Black Lung Fund has borrowed around $4 billion from the U.S. Treasury. Three coal companies who recently filed bankruptcy posted $27.4 million of collateral and were able to push $865 million of liabilities on to the government, making it a taxpayer expense.
$61.6 billion. If you work for BP, you’d know exactly what that looks like because that’s what the Gulf oil spill cost them. And according to the Washington Post, the company is looking to save billions from it in the form of tax deductions.