If the whole country wants to benefit from coal extraction, the whole country can also invest in coal exploration, permits and funding costs to share the risk, like regular shareholders. And the whole country can just buy coal at $120 pt next time the coal price drops to $40pt.
Otherwise, we are talking about nationalisation of the coal industry (aka legal theft). And while we are at it, why don't we force banks to not have any right to knock back lending to coal companies based on ESG 'ethics'. That way they have a market source of funding rather than diluting the hell out of shareholders with CRs. Or maybe the whole country can just lend them the money if they want to benefit from coal extraction.
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