Coos Bay coal investors back out

Coos Bay coal investors back out

Two partners in the plan to export coal from the Port of Coos Bay have dropped out.

A document posted on the International Port of Coos Bay website Monday says Mitsui & Co., the U.S. subsidiary of a Japanese trading company, and Korean Electric Power Corp., the potential buyer of the coal, are no longer part of the project.

Port of Coos Bay spokeswoman Elise Hamner said the project is still conceptual, and at the end of the month Metro Ports could decide to drop consideration of Coos Bay, move forward or ask for more time for research.

Read more at The Register-Guard.

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Guest
0 #1 coal exportsGuest 2013-03-12 18:52:10
this shows that this entire coal deal is about foreign investors coming here and raping our environment and even threatening to take energy resources that should be stored here and never used till the last possible time for our protection in this country. Good bye to these ungrateful greedy foreigners and go find your own resources in your own country. America needs to stand up for itself and America is about her citizens not foolish foreign trade deals sponsored by the folks we elect to serve us. Oregon Shores Coast Coalition has protected the entire Oregon coast for a very long time and they and everyone else who stands up to this kind of greed and destruction of America are the folks to say thank you too at this time and support them as new vultures try the same kind of greedy trade.
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