Fiscal risk to West Virginia's special reclamation fund
by Michael J. Hicks
International Journal of Risk Assessment and Management (IJRAM), Vol. 7, No. 5, 2007

Abstract: This paper analyses fiscal risk to West Virginia's Special Reclamation Fund for abandoned mine lands and AMD water treatment from 1990 through 2003. I find that, despite tightening regulatory restrictions which have led to reductions in bond defaults there are continued risk to both revenue collections and expenditures. These include coal price variability, technological or regulatory change and increased costs of environmental remediation. Risks at the mine level include capital costs, mine age, size and changes to corporate structure. Importantly, it is past compliance history that provides the greatest explanation of coal mine bond defaults.

Online publication date: Mon, 18-Jun-2007

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Risk Assessment and Management (IJRAM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com