Thursday, February 14, 2013

For All That Hand-Wringing: More Coal To China; Shipped By Warren

Link provided by Don.
Gillette-based Cloud Peak Energy Inc. signed a deal to ship up to 16 million metric tons of coal a year through the Gateway Pacific Terminal at Cherry Point in Bellingham, Wash., the two companies announced Wednesday.
The coal will be exported to Asia, Colin Marshall, Cloud Peak Energy’s president and CEO, said in a prepared statement.
Coal would come from the Spring Creek mine near Decker, Mont., the Youngs Creek property acquired by Cloud Peak last year and land made available through recently announced option and exploration agreements with the Crow Tribe in Montana, the statement said.
The Kyoto Protocol excludes China from "mandates." Canada withdrew from the protocol. The US did not sign up to the Kyoto Protocol.