Tuesday, August 20, 2013

The Declining Value of Coal Just Killed Another Export Terminal

A coal train moves through Seattle. (Credit: AP Photo/Elaine Thompson)
On Monday the Port of Corpus Christi announced it was scrapping plans to build a coal export terminal, scoring a major victory for environmentalists and offering further proof of the declining market value of coal.  According to a press release from the Sierra Club, New Elk Coal Company signed a lease with the port in 2011, and will pay a one-time fee to cancel it.

 The Declining Value of Coal Just Killed Another Export Terminal
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