Top would-be coal exporter, Ambre Energy, is drowning in red ink
A recent report by the Sightline Institute details the severe financial troubles of coal export proponent Ambre Energy – citing $124 million dollars in losses and a mere $6.6 million dollars in profit over the last 7 years. Australian-owned coal company Ambre Energy is behind two of the five coal export proposals in the Northwest: Morrow Pacific in Boardman, Oregon & Millennium Bulk Terminals in Longview, Washington.
Read the full report at the Sightline Institute website.
Ambre Energy has already proved itself to be unfit for business in the Northwest. Tomorrow marks the two year anniversary of the New York Times story that revealed internal documents indicating that the coal company intentionally misled state regulators in Washington. Ambre Energy had applied for permits from the state to export 5.7 million tons of coal annually from a Longview facility but internal documents listed as much as 60 million.
Learn more & support Riverkeeper’s fight to stop coal export in the Northwest.
Categories: Top Stories
Tags: coal, coal export, coal exports
1.They would pump waste water slurry into the barges to be pumped out at sea or down river, too. 2.Barges that catch fire from spontainious combustion would drift until the barge melts and sinks to the bottom, toxic elements and all, an inferno out of control to crash into any anchored vessels or islands. 3.China will only pay the same amount per ton as BLM charges, leaving nothing to pay for expenses. Ambre is already sinking. Down with the Earth destroying megalamaniacs!! Hurraaayyyy!!!!!