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Primary Member, Mineral/Energy Stakeholder, Royalty Policy Committee

Matthew Adams is a member of the Department of Interior’s Royalty Policy Committee, and as a member of this committee advises Secretary Zinke “on policy and strategies to improve management of the multi-billion dollar, federal and American Indian mineral revenue program.”

Matthew Adams graduated from Drake University in 1995, then simultaneously got his law degree and his master of laws in taxation from the University of Denver. From 2003 to 2008 he worked at Ernst & Young as a tax manager in international tax. From July 2008 to July 2013, Adams was the Vice President of Taxation for Intrepid Potash, a company that “sells potash and langbeinite products in the United States and internationally.” Since December 2013, Adams has worked as the Vice President of taxation for Cloud Peak Energy, which coincidentally was one of Interior Secretary Ryan Zinke’s largest congressional campaign donors and one of the coal companies Zinke did numerous favors for while he was in Congress.

Sources: [Department of Interior, Press Release, 09/01/17, LinkedIn Profile for Matthew Adams, accessed 09/18/17, “Company Overview of Intrepid Potash, Inc.,” Bloomberg, accessed 09/18/17, and “Ryan Zinke,” Department of Influence, accessed 09/18/17]

Special Interests

Intrepid Potash (Resource Development on Public Lands)

Adams worked at Intrepid Potash, a Denver based company that sells potash and langbeinite products in the United States and internationally.

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Cloud Peak Energy (Resource Development on Public Lands)

Adams is the Vice President of Tax of Cloud Peak Energy, one of the largest U.S. coal producers with operations in Wyoming and Montana.

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New Mexico Tax Research Institute (Resource Development on Public Lands)

Adams has been, and possibly still is, a board member of the New Mexico Tax Research Institute, which has received over $130,000 in funding from energy companies and that has published reports favorable to the oil and gas industry.

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Antelope Coal LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of Antelope Coal LLC, a subsidiary of Cloud Peak Energy.

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Arrowhead I LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of Arrowhead I LLC, a subsidiary of Cloud Peak Energy.

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Big Metal Coal Company LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of Arrowhead I LLC, a subsidiary of Cloud Peak Energy.

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Caballo Rojo Holdings LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of Caballo Rojo Holdings LLC, a subsidiary of Cloud Peak Energy.

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Caballo Rojo LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of Caballo Rojo LLC, a subsidiary of Cloud Peak Energy.

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Cloud Peak Energy Finance Corporation (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of Cloud Peak Energy Finance Corp., a subsidiary of Cloud Peak Energy.

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Cloud Peak Energy Logistics LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of Cloud Peak Energy Logistics LLC, a subsidiary of Cloud Peak Energy.

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Cordero Mining Holdings LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of Cordero Mining Holdings LLC, a subsidiary of Cloud Peak Energy.

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Cordero Mining LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax Cordero Mining LLC, a subsidiary of Cloud Peak Energy.

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Kennecott Coal Sales LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of Kennecott Coal Sales LLC, a subsidiary of Cloud Peak Energy.

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NERCO Coal LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of NERCO Coal LLC, a subsidiary of Cloud Peak Energy.

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NERCO Coal Sales LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Tax of NERCO Coal Sales LLC, a subsidiary of Cloud Peak Energy.

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Prospect Land and Development LLC (Resource Development on Public Lands)

Adams is the Vice President of Tax of Prospect Land and Development LLC, a subsidiary of Cloud Peak Energy.

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Resource Development LLC (Resource Development on Public Lands)

Adams is the Vice President of Tax of Prospect Land and Development LLC, a subsidiary of Cloud Peak Energy.

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Sequatchie Valley Coal Corporation (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Sequatchie Valley Coal Corporation, a subsidiary of Cloud Peak Energy.

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Spring Creek Coal LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Spring Creek Coal LLC, a subsidiary of Cloud Peak Energy.

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Western Minerals LLC (Resource Development on Public Lands)

As of 2016, Adams was the Vice President of Western Minerals LLC, a subsidiary of Cloud Peak Energy.

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Background Information

Previous Employers

Ernst & Young

Intrepid Potash

Cloud Peak Energy  

Additional Background on Employers of Note:

In addition to being Vice President of Tax for Cloud Peak Energy, Matthew Adams is also the Vice President of Tax for 27 of Cloud Peak Energy’s subsidiaries.

Matthew Adams is also the Vice President of Tax for a number of Cloud Peak’s subsidiaries, including: Antelope Coal LLC, Arrowhead I LLC, Arrowhead II LLC, Arrowhead III LLC, Big Metal Coal Co. LLC, Caballo Rojo Holdings LLC, Caballo Rojo LLC, Cloud Peak Energy Finance Corp., Cloud Peak Energy Logistics LLC, Cloud Peak Energy Logistics I LLC, Cloud Peak Energy Resources LLC, Cloud Peak Energy Services Company, Cordero Mining Holdings LLC, Cordero Mining LLC, Cordero Oil and Gas LLC, Kennecott Coal Sales LLC, NERCO Coal LLC, NERCO Coal Sales LLC, NERCO LLC, Prospect Land and Development LLC, Resource Development LLC, Sequatchie Valley Coal Corporation, Spring Creek Coal LLC, Western Minerals LLC, Youngs Creek Holdings I LLC, Youngs Creek Holdings II LLC, Youngs Creek Mining Company LLC. [Form T-3, United States Securities and Exchange Commission, 10/07/16]

Political Connections

Matthew Adams, since 2015, has donated at least $940 to Cloud Peak Energy Resources LLC Employee Political Action Committee.

In the 2016 election cycle, Cloud Peak Energy Resources Political Action Committee donated $10,000 to then-Congressman Ryan Zinke, $6,000 to Senate and Energy and Natural Resources Committee Chair Lisa Murkowski, and $2,600 to Senate and Energy and Natural Resources Committee member Steve Daines. [Political Moneyline Search for Matthew Adams, CQ, accessed 09/18/17, and Cloud Peak Energy Resources, Center for Responsive Politics, 09/18/17]

Other Information

Matthew Adams has been a board member of the New Mexico Tax Research Institute, an organization that has received over $130,000 in funding from energy companies and that has published reports favorable to the oil and gas industry.

In July 2012, Matthew Adams became a board member of the New Mexico Tax Research Institute (NMTRI). [“Tax Matters,” New Mexico Tax Research Institute, 07/04/12]

On its website, NMTRI describes itself as “a nonprofit, nonpartisan, member-supported organization” that does “not advocate any agenda for or against taxation.” [“About NMTRI,” New Mexico Tax Research Institute, accessed 09/18/17]

However, the New Mexico Tax Research Institute has received significant contributions from energy companies. In 2015 alone, the year most recent year for which NMTRI’s 990 form is available, they received $132,001 from energy companies, including: $15,000 from Chevron, $12,000 from Freeport McMoran, $10,000 from ConocoPhillips, $75,001 Occidental Petroleum Corp, $10,000 from Western Refining Inc., and $10,000 from Mack Energy Corporation. [“New Mexico Tax Research Institute 990 Form,” ProPublica, accessed 09/19/17]

The New Mexico Tax Research Institute has conducted reports paid for by the New Mexico Oil & Gas Association. A report NMTRI released in 2014, partially funded by industry, found that “even counties where there is little oil and gas development have benefited from those industries.” [Mark Passwaters, “NM oil, gas producers’ taxes are significant source of state revenue, report finds,” SNL Daily Gas Report, 03/24/14, and “Report: New Mexico leans on oil, gas revenue,” Associated Press, 03/16/14]