The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up  Green editions icon Green editions

Sale won't effect Bellingham coal export plan, developer says

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
Associated Press
BELLINGHAM -- A subsidiary of Goldman Sachs has sold its sizeable stake in the companies proposing to build a coal export terminal near Bellingham.
An official with the terminal developer, Bob Watters, told the Bellingham Herald the ownership change won't affect the Gateway Pacific Terminal project and that "we are full speed ahead."
Watters is senior vice president with Seattle-based SSA Marine. The company is proposing a port terminal at Cherry Point to export about 48 million tons of coal each year to hungry-markets in Asia.
Before the stock transfer, Goldman Sachs had a 49 percent stake in the project.
Groups opposing the project hailed the announcement Tuesday, saying Goldman Sachs's exit was a sign that the Wall Street giant has lost faith in the economic viability of coal exports.
Information from: The Bellingham Herald,

More Northwest Headlines


HeraldNet Headlines

Top stories and breaking news updates


Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus