The coal export bubble

Grist| A Beacon in the Smog, August 7, 2013
by Clark Williams-Derry, Cross-posted from Sightline Daily

Photo credit: Shutterstock

Photo credit: Shutterstock

There’s been so much news on the coal export front of late — the massive scope of the proposed Gateway-Pacific terminal’s Environmental Impact Statement; the Lummi Nation’s unequivocal opposition to a coal terminal at Cherry Point; and recent revelations about the ongoing financial woes of coal terminal developer Ambre Energy — that it’s hard not to sense that Northwest coal export projects are on the ropes.

But perhaps the most important coal export story has gotten surprisingly little attention — the collapse of Pacific Rim coal prices. With the latest price decline, I think we can definitively call the hype over Northwest coal export projects for what it always was: a bubble.

Read more…

About coalfreegorge

Coal is rearing its head again the Columbia Gorge. The new threat comes in the form of proposals to export coal from Wyoming to coal-fired power plants in China. The coal would be transported via uncovered rail cars through the Columbia Gorge. Many Columbia Gorge Communities in Oregon and Washington support a coal-free world, beginning at home, in the heart of the Columbia River Gorge, recognizing the importance of people determining what materials are allowable for transport through their communities and watersheds. This blog exists to communicate and advocate for the public interest in issues pertaining to coal transport in the Columbia River Gorge, providing an online outlet for honest discussion and information. To inform and unite local citizens about the damaging effects of coal transport through our communities. To endorse positive and considerate dialogue with the aim of mutual understanding among diverse parties. CLEAN AIR HEALTHY COMMUNITIES NO COAL EXPORTS STOP COAL IN ITS TRACKS
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