The Morrow Pacific coal export proposal is effectively on hold until next year.
The Oregon Department of State Lands denied a key permit needed to construct a terminal at the Coyote Island terminal at Boardman’s Port of Morrow back in August.
The decision was a blow to the $242 million project. But backers, including the [...]
The United States used only 34 percent of its total coal export capacity and does not need additional terminals, according to a new report that casts doubt on plans to develop new ports on the Columbia River.
The Institute for Energy Economics and Financial Analysis, a Cleveland-based nonprofit, released a report recently by Tom Sanzillo [...]
Coal prices spiked in 2011, driven by massive demand from China. But as China invested billions to move domestic coal around the country more efficiently, coal prices began dropping and projects were abandoned.
Slumping coal markets have caught up with the Australian company proposing two export terminals in Oregon and Washington.
Ambre Energy is getting [...]
Federal regulators claim that three men used insider information to profit illegally from Arch Coal’s acquisition of International Coal Group.
Frank Tamayo schemed with two other men to generate more than $5.6 million in profits from 13 mergers and acquisitions, the U.S. Securities and Exchange Commission says in a lawsuit.
One of the transactions [...]
The Port of St. Helens has suffered a second blow in its efforts to expand a marine facility to accommodate oil and coal exports.
The Oregon Land Use Board of Appeals upheld an environmental challenge to its plans to add more than 800 acres to its Port Westward property in Clatskanie on the lower Columbia [...]
Oregon’s Department of State Lands on Monday dealt a serious blow to Ambre Energy’s proposed coal export project, denying a key permit needed for construction in the Columbia River.
The permit would’ve allowed Australia-based Ambre Energy to construct a dock in the Columbia River.
More at the Oregonian
Federal judge orders Army Corps to release [...]
Developers of the largest of the region’s proposed coal-export terminals have shifted their site plan to claim a dramatic reduction in impacts on wetlands.
Simultaneously, SSA Marine, the Seattle international terminal operator, said it will speed up plans to operate Gateway Pacific Terminal (GPT) north of Bellingham at full capacity. The capacity planning, along with [...]
Four environmental groups have filed an appeal against the Port of Long Beach’s recent decision to extend two export agreements involving coal and petroleum coke (petcoke).
One agreement, between POLB and the Metropolitan Stevedore Company (MSC), is a 20-year extension agreement that will permit MSC to continue exporting coal out of POLB. The second agreement, [...]
Environmental activists from Greenpeace, Tax Fairness Oregon and other groups took their protest against Northwest coal exports to the Portland offices of Ambre Energy this week.
Activists are opposing a proposal to use $2 million from the state’s ConnectOregon grant program to support Ambre’s proposed coal export terminal at Port Westward on the Columbia River.
San Francisco’s once-busy Port hasn’t handled fossil fuels — like coal and crude oil — since the 1960s. And if environmentalists have their way, the Port of San Francisco will never see a fossil fuel again.
The City’s Environment Commission passed a resolution Thursday urging the Port to close its docks to the future possibility [...]
Cargill Inc said that its quarterly earnings fell 28 percent, making it one of the largest companies yet to demonstrate how big commodity market disruptions this year have hurt its bottom line.
Minneapolis-based Cargill, a top global commodities trader, was hit by a triple-whammy of unexpected events, including a surge in energy prices in January, [...]
Developers of the Morrow Pacific coal export project on the Columbia River already have land leases with the Port of St. Helens and the Port of Morrow.
But according to the Oregon Department of State Lands, they’re going to need a couple more.
In a recent letter, DSL operations manager Lori Warner-Dickason told project developers [...]
From Energy Global:
Research firm Wood Mackenzie expects lengthy delays to the anticipated Panama Canal expansion to impact the coal, liquefied natural gas and petrochemical industries.
Significant disruptions will limit profitability for US LNG producers, create a tighter shipping market and affect the US Gulf Coast petrochemical industry. On the other hand, US coal producers [...]
State and county regulators announced Wednesday they will conduct a sweeping environmental study of the proposed Millennium Bulk Terminals coal dock west of Longview. It will include the effects of train traffic from inland mines and greenhouse gas emissions from coal-burning power plants in Asia.
The decision is a victory for opponents of the $643 [...]
Bob Watters, SSA Marine senior vice president, says the recent change in the company’s ownership structure won’t affect SSA’s plan to push ahead with the Gateway Pacific Terminal coal export project at Whatcom County’s Cherry Point.
Watters was elaborating on this Jan. 7 press release, which announces that a subsidiary of Goldman Sachs has sold [...]