08:32:54 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Westshore Terminals Investment Corp
Symbol WTE
Shares Issued 73,267,154
Close 2017-05-01 C$ 24.12
Market Cap C$ 1,767,203,754
Recent Sedar Documents

Globe says Westshore sees coal exports through Ridley

2017-05-01 06:59 ET - In the News

The Globe and Mail reports in its Monday edition that environmentalists are hoping Prime Minister Justin Trudeau will heed B.C. Premier Christy Clark's call for Ottawa to halt exports of thermal coal from B.C. ports, including federally owned Ridley Terminals. The Globe's Brent Jang writes that Kevin Washbrook, the B.C.-based director of Voters Taking Action on Climate Change, said: "If Mr. Trudeau is serious about climate change, he needs to seize the moment. Thermal coal is the new asbestos." Ridley, located in the Port of Prince Rupert, handled 2.2 million tonnes of thermal coal last year, accounting for 55 per cent of the coal facility's total exports. Coal Valley Resources Inc., which runs a thermal-coal mine in Alberta, is a major exporter through Ridley. Colorado-based Westmoreland Coal Co. owns Coal Valley. Ms. Clark is not targeting metallurgical coal, which helps make steel. Metallurgical-coal exports from Ridley have been on the rise this year. Environmentalists are worried about shipments of thermal coal flowing through B.C. in order to get to Asia. In recent years, U.S. producers have primarily used Westshore Terminals Investment's site south of Vancouver to export coal to Asia.

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