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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (130960)6/28/2008 8:51:23 AM
From: Pogeu MahoneRead Replies (1) of 306849
 
These A&^%*&^%-ng-
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Fed official rules against Fall River LNG terminal

By Associated Press | Friday, June 27, 2008 | bostonherald.com | Local Coverage
BOSTON - The U.S. Secretary of Commerce has decided a Massachusetts agency acted correctly when it objected to plans to build a liquefied natural gas terminal in Fall River.

In a decision Thursday, U.S. Commerce Secretary Carlos Gutierrez ruled that the project’s potential benefit to the nation would not outweigh the possible effects on the coastline.

Gutierrez also said that while the project would increase New England’s access to LNG, Coast Guard officials are not convinced LNG tankers could safely navigate a nearby bridge.

Massachusetts Attorney General Martha Coakley, who’s against the project, called the developers’ appeal an attempt to circumvent the state.

A spokesman for Weaver’s Cove says the developers expect to file a new application with the state.

Article URL: bostonherald.com
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