Source: RAN - Rainforst Action NetworkSAN FRANCISCO, Tuesday, January7, 2014 --Today Goldman Sachs Infrastructure Partners sold off its remaining equity investment in Carrix, the parent company of Pacific International Terminals and SSA Marine that are behind a colossal coal export terminal proposal near Bellingham, Washington.
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. If built, the Gateway Pacific Terminal at Cherry Point would mean up to 18 mile - long coal trains traveling through local communities and up to 48 million tons of coal exported to Asian markets each year. It would be the largest coal export terminal in North America, and threatens to ruin the rich biodiversity and unique cultural legacy found in the region.
Related: U.S.: Seattle Idle No More: Lummi people reject Cherry Point coal loader (March 2013)