Ross Bhappu is pushing risky and polluting plans to export coal from Montana to Asia. Through the private equity firm Resource Capital Funds, Bhappu has placed a $110 million bet on Ambre Energy, a shaky Australian company proposing two coal export terminals on the Columbia River in Oregon and Washington.
People are working together to stop coal exports in the Pacific Northwest, and many are beginning to scrutinize the role of financial backers of these proposals. Goldman Sachs recently dropped its coal export investment and now several organizations are calling on Ross Bhappu to drop his investment in Ambre Energy. Learn more about Ross Bhappu's risky bet on coal exports. |
“In the absence of a clear federal policy, it’s too easy to decide by not deciding, and lock ourselves into a coal-dependent future for our ports and for Asia – and that is not a course I am willing to pursue. Oregon will continue to press for a national debate so we make a conscious decision about our energy future rather than leaving critical questions up to the whims of investors and speculators who are removed from the practical and moral implications of climate change." - Oregon Governor John Kitzhaber, November 20, 2013 |