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Operator
Good morning and welcome the CONSOL Energy Fourth Quarter 2020 Earnings Call. [Operator Instructions] Please note that this event is being recorded.
Now I d like to turn the conference over to Mr. Nathan Tucker, Director of Finance and Investor Relations. Please go ahead.
Nathan Tucker
Director Finance and Investor Relations
Thank you, Nick and good morning everyone. Welcome to CONSOL Energy s fourth quarter 2020 earnings conference call. Any forward-looking statements or comments we make about future expectations are subject to some risks, which we have outlined in our press releases and our SEC filings and are considered forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. We do not undertake any obligations of updating any forward-looking statements for future events or otherwise. We will also be discussing certain non-GAAP financial measures, which are defined and reconciled to comparable GAAP financial measures in
RICHMOND â On the heels of a critical report showing that Virginiaâs controversial coal mine tax credits is generating economic losses for the commonwealth, Democrats in the General Assembly are advancing legislation to eliminate the program.
Sen. Jeremy McPike of Prince William and Del. Sally Hudson of Charlottesville are carrying legislation to scrap the tax credits next January, and before that happens, a workgroup will convene to figure out how the coalfield region can effectively transition its economy away from its reliance on fossil fuels.
âIt seems these coal tax credits have outlived their purpose, and there are better ways to invest in the communities that have relied on them,â Hudson said.
Where does coal go from here? wvnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wvnews.com Daily Mail and Mail on Sunday newspapers.