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Home › Dodgy Deals ›
Dodgy Deal
Gateway Pacific coal export terminalUnited States

Project – On record

This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
Contact:

Amanda Starbuck, Senior Campaigner, Rainforest Action Network

Last update: 2015-11-01 14:53:10
Photo: -

Project – On record

This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
Contact:

Amanda Starbuck, Senior Campaigner, Rainforest Action Network

Last update: 2015-11-01 14:53:10
Why this profile?
About
Sectors Construction
Location
Status
Cancelled
Design
Agreement
Construction
Operation
Closure
Decommission
Website http://www.gatewaypacificterminal.com/

The Gateway Pacific Terminal, expected to cost USD 655 million, is a proposed coal export terminal at Cherry Point, near Bellingham, Washington. If completed, the terminal would have capacity to export 54 million tons of coal annually.

The project is an export-import facility on 1,092 acres in Whatcom County, Washington. This project is organized by SSA Marine, the Northwest Company and will include shipping, stevedoring, and warehousing facilities. The Gateway is expected to act as a portal for the export of various commodities, including coal, to Asian markets. It is located at Cherry Point, 17 miles south of the Canadian border with naturally deep water to accommodate the large transnational transporting ships.

Impacts

Social and human rights impacts

Trains delivering coal to the terminal in Cherry Point would travel through cities and towns and would cause traffic disruptions, public spending on safety improvements, lost property values, disruption of business activity and pollution from both coal dust and diesel locomotive exhaust. At full capacity, the terminal could draw as many as nine loaded trains per day through Bellingham, Washington - and they would head back through the city after unloading.


Environmental and climate impacts

Demand for coal in the United States is falling and US coal mining companies are responding by finding markets for coal overseas. Exporting US coal to foreign markets essentially exports global warming emissions instead of keeping carbon-intensive coal in the ground

Financiers
Institution type
Finance type
Year
Companies

Peabody Energy

United States
Website

SSA Marine

United States
Website
No companies
News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

U.S. Denies Permit for Coal Terminal in Washington State

2016-05-09 | The New York Times
BankTrack news BankTrack blog Partner news Partner blog

Oregon Says Coal Export Project Will Need To Lease More Land

2014-03-20 | Daily Astorian
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs pulls coal investment as skies darken for US coal exports

2014-01-10 | Greenpeace Energy Desk
Blog
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs sacks coal terminal investment

Coal sector loosing appeal to Wall Street investors
2014-01-07 | San Fransisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Goldman Sachs sacks coal terminal investment

2014 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Coal exporter disturbed Native American archaeological site near Bellingham

2013-11-25 | Portland Tribune
BankTrack news BankTrack blog Partner news Partner blog

Bad news for Big Coal in Whatcom County

2013-11-05 | Seatle Pi
BankTrack news BankTrack blog Partner news Partner blog

Peabody Energy, Gateway Pacific, and the Asian Coal Bubble

2013-10-22 | Sightline Institute
BankTrack news BankTrack blog Partner news Partner blog

King Coal's Last Stand

2013-10-04 | Vice
BankTrack news BankTrack blog Partner news Partner blog

Gateway Pacific Terminal site work lacked state permit

2011-08-05 | ECY
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coal export madness spreading to Oregon

2011-06-21 | United States | Scott Parkin, RAN
BankTrack news BankTrack blog Partner news Partner blog

Rail terminal in Bellingham could mean more coal, freight trains through county

2011-05-20 | United States | Heraldnet
Blog
BankTrack news BankTrack blog Partner news Partner blog

Coalition reacts to planned mega-coal export operation at Cherry Point

Groups raise major concerns about impact on public health, environment, and economy
2011-03-04 | United States | Washington Environmental Council
Blog
BankTrack news BankTrack blog Partner news Partner blog

Peabody's plans heighten environmental opposition to Washington coal port

2011-03-02 | Washington | Platts
BankTrack news BankTrack blog Partner news Partner blog

Gateway Pacific Terminal begins environmental review process

2011-03-01 | United States | BBJ Today
Resources
Documents
Links
2011-11-15 00:00:00

Bank of America: Risking Public Health and the Climate

NGO document
2011-11-15 00:00:00 | Rainforest Action Network
2011-04-12 00:00:00

Joint Aquatic Resources Permit Application (JARPA) Form

Company document
2011-04-12 00:00:00 | Pacific International Terminals, Inc.

Gateway Pacific Terminal

Project website
Updates

2016

2016-05-09 00:00:00 | Army Corps halts Gateway Pacific Terminal permitting process

Justice prevailed for the Lummi Nation, the Indigenous community who are closest to the place where Peabody Coal and SSA Marine wanted to put North America's largest new coal export terminal. This place is called Xwe'chi'eXen, also known as Cherry Point, in the state of Washington. After five years of grassroots opposition to this project, the U.S. Army Corps of Engineers, one of the regulatory bodies with decision-making power, announced a decision to deny permits for the Gateway Pacific Terminals proposal at Cherry Point. This decision was made at the request of the Lummi Nation for the Army Corps to uphold the US Federal Government's treaty obligations to the Lummi Nation. This project's impacts would cause significant harm to their treaty protected fishing rights. The agency decision can be found here.

2015

2015-08-13 00:00:00 | Crow Tribe and Cloud Peak Energy are joining SSA Marine

SSA Marine, the Crow Tribe of Indians and Cloud Peak Energy Inc. (NYSE: CLD) announced that the Crow Tribe and Cloud Peak Energy are joining SSA Marine as partners in the Gateway Pacific Terminal, located in the Northwest corner of Washington state.

2014

2014-01-07 00:00:00 | Goldman Sachs sells coal terminal investment

Goldman Sachs Infrastructure Partners sold off its remaining equity investment in Carrix, the parent company of Pacific International Terminals and SSA Marine that are behind a colossal coal export terminal proposal near Bellingham, Washington. The move comes after coal companies and their proponents have tabled or dropped three out of six proposed coal export terminals in the Pacific Northwest in the last two years. Read more.

In the summer of 2013, Goldman Sachs’s research arm released a report titled “The Window for Thermal Coal Investment Is Closing,” forecasting that China’s demand for coal will peak within the next few years as the country’s growth rate slows and environmental regulations are increased. This means the high international coal prices that coal export proposals in the United States would be dependent on are extremely unlikely to materialize. With the bank’s own researchers casting doubt on the long-term viability of coal exports and the project facing sustained local opposition, Goldman Sachs may have wisely concluded that the time was right to get out of the business of coal exports.

2011

2011-08-08 00:00:00 | Notification of state law violation

The Washington Department of Ecology notified Pacific International Terminals Inc. that it violated state law at the site of the proposed Gateway Pacific Terminal near Cherry Point in Whatcom County when it cleared land and built roads without a state stormwater permit for construction sites. Pacific international was directed to submit the required applications by Aug 15, 2011. The Department of Ecology is also currently investigating whether the work at the site violated wetland-protection requirements. Construction projects larger than one acre must have coverage under Ecology's Construction Stormwater General Permit. The road-building so far covers nine acres.

If SSA Marine's permits that were filed in February 2011 are approved by state and federal regulators, SSA Marine will next be required to obtain a lease from the Washington Department of Natural Resources.

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