Remember Larry Summers' memo advocating the export of hazardous waste to
poor countries? Here's a variation on his theme: exporting coal as the
U.S. slowly replaces it with less polluting energy sources. --C.A.
- - -
Unlikely partners: Utah investing $53 million to export coal through
Oakland port
By Doug Oakley
Oakland Tribune, 04/25/2015
Oakland -- Faced with rapidly diminishing demand for coal in the U.S.,
Utah has approved a $53 million investment in an Oakland shipping
terminal nearing construction with the hopes of exporting it to less
environmentally stringent markets overseas. Earlier this month, Utah's
Community Impact Fund Board endorsed the investment in Oakland's
Terminal Logistics Solutions on behalf of four counties, three of which
produce all the coal in the state. Terminal Logistics will start
building the $250 million Oakland Bulk and Oversized Terminal at the
Oakland Global Trade & Logistics Center later this year.
Phil Tagami, the city-designated developer of the project, said his
seven years of approvals and environmental entitlements secured to
develop the former Oakland Army Base allow him to lease the space to a
private company that can export just about anything except "nuclear
waste, illegal immigrants, weapons and drugs. We are entitled to have a
bulk commodities terminal, and beyond that it's up to the market to
determine what we export."
"Obviously, we're going to work with our business partners to try and
reach a mutually acceptable way of moving forward," Oakland mayor Libby
Schaaf said. "This is a very important project for the city of Oakland,
and this policy resolution is important also."
Excerpts. Full article at
http://www.insidebayarea.com/breaking-news/ci_27981684/unlikely-partners-utah-investing-53-million-export-coal
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