Coos Bay Coal Export Port Deal Fails
A deal for one of five proposed west coast export facilities on for coal shipments to Asia fell apart this week. Oregon’s Coos Bay coal export facility found itself without a proponent when the last partner in the deal dropped out on Monday. Metro Ports, a California based company did not renew an exclusive negotiating contract with the port. The probably Korean buyer for the exported coal had dropped out of the partnership previously.
Momentum may be shifting against the proposed export facilities. Public opposition is mounting to the projects, both from climate activists worried about global impacts of exporting U.S. coal to Asia, and also local activists concerned about impacts in the port communities and along the coal shipment routes. Meanwhile, the Governors of Oregon and Washington have recently asked the federal government to study climate impacts of coal exports.
Coal export proposals are still pending at Cherry Point and Longview in Washington, and St. Helens and Morrow ports in Oregon.