Barack Obama’s recent policy limits coal-fired power plant emissions. Goldman Sachs pulls investment in the company pushing to build a massive coal export terminal at Cherry Point in Washington. International coal prices have fallen so low that Powder River Basin coal companies can’t make a profit selling coal to Asia. So what does this all mean for Fraser Surrey Docks? Exporting U.S. coal may seem like a good deal for speculators looking for a quick buck, but B.C. taxpayers need to be protected from the risks of a quick collapse of coal exports in future. The best protection is to avoid expanding coal export infrastructure before the carbon bubble bursts.
Posted on: Mon, 21 Jul 2014 19:08:30 +0000