Tuesday, January 7, 2014

Goldman Sachs Sacks Coal Terminal Investment

For Immediate Release -- January 8, 2013

Media Contacts:
Crina Hoyer: Executive Director, RE Sources for Sustainable Communities -- 360-223-8678
Kimberly Larson: Communications Director, Power Past Coal -- 206-388-8674
Amanda Starbuck: Energy Finance Program Director, Rainforest Action Network -- 415-203-9952

BELLINGHAM, WA -- Power Past Coal coalition partner reaction to news that Goldman Sachs is no longer an investor in Carrix and the coal export terminal at Cherry Point in Washington State:

Goldman Sachs Infrastructure Partners has sold off its remaining equity investment in Carrix, the parent company of Pacific International Terminals (PIT) and SSA Marine (they were 49% stakeholders).   PIT, SSA Marine and Peabody Energy have proposed a 48 million ton per year coal export terminal north of Bellingham, WA at Cherry Point.   If built, it would be the largest coal export terminal in North America and would mean up to 18 coal trains traveling round-trip through local communities.  The move comes after coal companies and their proponents have tabled or dropped three out of six proposed coal export terminals in the Pacific Northwest in the last two years.  The new investor is Fernando Chico Pardo, a Mexican businessman.

Statement from Crina Hoyer, Executive Director of RE Sources for Sustainable Communities:

“Goldman Sachs’ stepping away from coal export is yet another sign from Wall Street that coal export is a losing investment.  We already know that local Main Street businesses would feel the negative impacts from coal export, and communities across the region are saying no to this bad deal because of health, climate, environmental and economic impacts.  We can do better than coal export both in Bellingham and the Northwest.”

Recent financial records have shown several of the companies are on shaky financial ground and market analysis by Goldman Sachs, Bernstein Research, Deustche Bank, Bank of America and other market exports saying that coal demand abroad is likely on a permanent decline. Of note, Goldman Sachs wrote in an analysis in July of 2013 and “We believe thermal coal demand growth will slow down in the coming years. . . the potential for profit­able investments in new thermal coal mining capacity is becoming increasingly limited.”

POWER PAST COAL is an ever-growing alliance of health groups, businesses and environmental, clean-energy, faith and community organizations working to stop coal export off the West Coast. Visit www.powerpastcoal.org for more information.

36 comments:

  1. Not only to read need to spreed every one
    chicotheatrecompany




    ReplyDelete
  2. Most of the information's are related my blog
    csabitas




    ReplyDelete
  3. Nice Post and all information's are used to everybody
    lescantinenguadeloupe




    ReplyDelete
  4. All the words are simple way every one should understand easily
    neilayers




    ReplyDelete
  5. All the words are simple way every one should understand easily
    plevenon




    ReplyDelete
  6. For my view is Really nice,because all peoples are giving the wonderful comments
    zdrowadroga




    ReplyDelete
  7. This comment has been removed by the author.

    ReplyDelete
  8. All the post are very useful to implement in our life
    thepopsucker




    ReplyDelete
  9. Its very useful if every one should follow this
    ZeroNaInfo




    ReplyDelete
  10. Keep posting this articles and useful for every one
    danzamacabra-records




    ReplyDelete
  11. Some articles are related in our life,so nice
    netblase




    ReplyDelete
  12. Peoples are giving the wonderful thoughts for all comments
    new-dressupgames




    ReplyDelete
  13. What a good suggestion posted by the peoples
    salishyachts




    ReplyDelete
  14. feel regret I did not know this before I read your article tik tok video

    ReplyDelete
  15. Thanks for sharing, nice post! Post really provice useful information!

    Giaonhan247 chia sẻ cước phí gửi hàng đi mỹ cùng với hướng dẫn cách gửi hàng đi mỹ và hướng dẫn cách mua hàng trên ebay về việt nam cũng như kinh nghiệm mua nước hoa Pháp chính hãng giá rẻ uy tín nhất.

    ReplyDelete
  16. Really a great addition. I have read this marvelous post. Thanks for sharing information about it. I really like that. Thanks so lot for your convene. geometry dash

    ReplyDelete
  17. For all my checking just as printing works whether in office or at home, I generally like to utilize HP printer. In any case, because of certain causes, I am confronting loads of issues identified with my HP printer and dont realize how to end them. In this way, I simply need to realize that, would i be able to confide in 123.hp.com/setup to fix my issues which are related with my HP printer.

    ReplyDelete
  18. Quickbooks is the best accounting software to manage small and medium sized busines. The software is enriched with multiple accounting features like Track sales, sales taxes, and customer payments,view all banking transactions, send invoices and estimates from Yahoo,Gmail, or Hotmail etc. How to open QBO file

    ReplyDelete
  19. You made such an interesting piece to read, giving every subject enlightenment for us to gain knowledge. Thanks for sharing the such information with us to read this... Mining Management System

    ReplyDelete
  20. I don't think investing in energy is going to lose money. Maybe it's just that the profits aren't what they expected and they are aiming for more fat!
    impossible game

    ReplyDelete
  21. WPSPEEDERS is a specialized WordPress Agency. Better online experiences have been our focus since 2020.

    ReplyDelete
  22. Thanks for sharing this informative content.,
    Leanpitch provides online training in Scrum Master Certification during this lockdown period everyone can use it wisely.
    Join Leanpitch 2 Days CSM Certification Workshop in different cities.
    CSM training online

    Scrum master training online

    ReplyDelete
  23. เนื่องจากการเล่นเกมออนไลน์เป็นเรื่องใหม่ https://bk8games.org/ จึงเป็นเรื่องยากที่จะเข้าใจว่าโปรโมชั่นและโบนัสทั้งหมดมีไว้เพื่ออะไร หรือจะมีใครในนั้นตอบแทน

    ReplyDelete
  24. We are Electric DC Motors Manufacturers situated in Jieyang city, Guangdong Province. an Electric DC engine is a sort of electric machine that changes over electrical energy into mechanical energy

    ReplyDelete
  25. Casinos with Slot Machines & Casinos in the UK - drmcd
    In the UK, 원주 출장샵 the online 광양 출장마사지 casino industry has been in decline. It was one of the hottest years of the 영천 출장안마 casino gambling industry, and 김포 출장마사지 has now 포항 출장샵

    ReplyDelete
  26. Hey nice to see you there being posting again yea? I like your post a lot seriously hook me up sometime dude. Feel free to visit my website; 한국야동

    ReplyDelete
  27. Great post. I was checking continuously this weblog and I am inspired! Extremely helpful info specially the closing section.
    국산야동

    ReplyDelete
  28. I maintain such info much. I used to be seeking this particular information for a long time. Thank you and best of luck. Feel free to visit my website; 일본야동

    ReplyDelete
  29. This article is an appealing wealth of useful informative that is interesting and well-written. 일본야동

    ReplyDelete
  30. Please let me know if you’re looking for a article writer for your site. You have some really great posts and I feel I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some material for your blog in exchange for a link back to mine. Please send me an email if interested. Thank you 먹튀사이트 I couldn't think of this, but it's amazing! I wrote several posts similar to this one, but please come and see!!

    ReplyDelete
  31. The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought you have something interesting to say. All I hear is a bunch of whining puffer jackets about something that you could fix if you werent too busy looking for attention.

    ReplyDelete