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Goldman Sachs pulls out of proposed coal terminal

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Here in the Northwest, proposals to build coal terminals have generated opposition from environmentalists, tribes and communities. They're worried about climate change from the burning of more coal,as well as increases in coal train and ship traffic in their own region.

"It doesn't surprise me that a bank that cares about its reputation and the impacts of its investments would want to stay away," Amanda Starbuck, energy finance program director with Rainforest Action Network, said of the Goldman Sachs decision.

Market Place
Ashley Ahearn
Wednesday, January 8, 2014

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