One of the largest investment banks in the world has backed away from the Cherry Point coal export proposal in Washington. Earlier this week, financial giant Goldman Sachs sold off its stake in the parent company of SSA Marine, the developer of the dirty and dangerous coal export terminal at Cherry Point. This is the latest in a series of setbacks for the proposal, which aims to export 50 million tons of Western coal to Asia every year. If built, it would be the largest coal export terminal in North America. Cherry Point is one of six coal export terminals …
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Mary Anne Hitt
Mary Anne Hitt is director of the Sierra Club's Beyond Coal Campaign, which is working to eliminate coal's contribution to global warming and repower the nation with clean energy.
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