July 21, 2014

News Clip: Stranded Assets

SFU prof Anthony Perl has an op-ed in The Sun: Managing the risks of investing in coal exports

The future looks bleak for coal and we shouldn’t invest in it

The proposal to build coal shipment facilities at Fraser Surrey Docks (map here) and Texada Island for U.S.-mined thermal coal is at risk of becoming B.C.’s version of Mirabel Airport in Quebec — underused infrastructure built for a future which never arrived. …

Exporting U.S. coal may seem like a good deal for speculators looking for a quick buck, but B.C. taxpayers need to be protected from the risks of a quick collapse of coal exports in future. The best protection is to avoid expanding coal export infrastructure before the carbon bubble bursts.

So far, no response from Port Metro Vancouver.

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