[Oregonian] The company behind a proposed liquefied natural gas export terminal at the mouth of the Columbia River has abandoned the project, marking the death of Oregon's second such project in a matter of weeks.
The Oregon LNG company had been pushing since 2012 to build the terminal in Warrenton, a small town on Oregon's north coast, but had recently encountered obstacles in the permitting process.
Warrenton Mayor Mark Kujala said an Oregon LNG official told him the company's decision to withdraw from the project was "a funding decision."
The news comes weeks after a city hearings officer rejected key permits for the project and after years of fervent opposition both locally and statewide. Concerns over the project's potential to harm Warrenton's fishing industry and environment had sparked protests at local meetings on the project and attracted attention from conservation groups.
"It didn't have a lot of public support, I'll put it that way," Warrenton City Commissioner Henry Balensifer III said Friday.
Friday's news comes a month after the Federal Energy Regulatory Commission rejected plans for a massive LNG terminal in Coos Bay, effectively killing the project. Federal regulators said backers of the Jordan Cove Energy Project had failed to demonstrate any need for the facility.
Isn't that what investors are supposed to do? |
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