Washington Examiner | Feds hand greens ‘big’ victory over coal

via the Washington Examiner:

 

Coal (200x200)Feds hand greens ‘big’ victory over coal

by John Siciliano | May 9, 2016

The Obama administration handed a “big” victory to environmentalists on Monday by rejecting the coal industry’s bid to build a major new export terminal on the West Coast.

[…]

The U.S. Army Corps of Engineers, in doing its final review of the proposed Washington facility, agreed with the Lummi tribe that approving the terminal would harm its treaty obligations by violating tribal fishing rights and encroaching on ancestral lands.

[…]

The terminal would have been used to move U.S. coal to the large markets in Asia.

[…]

A number of major coal companies, including Peabody and Arch Coal, were vested in building the export facility. Both companies filed for bankruptcy protection this year given the downturn in coal demand.

“Peabody was banking on this project as a major customer for its coal, and this announcement deals another blow to promises by coal executives that they have a revival on the horizon” (Read More)

 

Read the full article at the Washington Examiner

 

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