Report: Coal’s regional impact is $900M, 4,200 jobs
It’s no secret that coal has taken its lumps in the national debate about climate change and efforts to lower carbon emissions.
As the nation’s largest coal exporting port, however, Hampton Roads has more riding on that conversation than some may have realized.
A new Old Dominion University analysis of the regional economic impact of local coal exports – part of ODU’s annual “State of the Region” report released last week – shows how much.
Including indirect effects, Hampton Roads coal shipments in 2011 generated more than $900 million in goods and services and nearly 4,200 jobs, according to the ODU study.
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Hampton Roads coal exports jump 21.4% in September: association data
Coal exports from terminals in Virginia’s Hampton Roads region were mixed in September, down 2.4% from August, but up 21.4% from the same month a year ago, according to data the Virginia Maritime Association issued Thursday.
Year-to-date exports from the Lambert’s Point, Pier IX and Dominion Terminal Associates terminals total about 38.6 million short tons, up 1.2% compared with the same period a year ago.
The increase in exports is welcome news for coal producers, who continue to ship metallurgical and thermal coal to destinations in Europe and Asia despite a long slide in seaborne coal prices, although they have rebounded recently.
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Unions turn out to support coal export terminal in Longview
LONGVIEW — A strong contingent of union members and their families turned out for a public hearing Sept. 17 to voice their support for a coal export facility being proposed by Millennium Bulk Terminals. The company wants to build a $643 million terminal at the former Reynolds Aluminum smelter at the Port of Longview.
Cowlitz County, state, and federal regulators are holding five public hearings in Washington to determine the scope of the environmental review of the project. The Sept. 17 public hearing filled the Cowlitz Expo Center with about 2,000 supporters and opponents. Environmental groups have mounted a massive campaign against all proposed West Coast coal export terminals.
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Study: Coal Exports Contributed $500 Million to Hampton Roads in 2011
The State of the Region Report published this week by the Old Dominion University Economic Forecasting Project highlights the significant economic impact of coal export shipments from Hampton Roads, Va. The study found that coal exports contributed $500 million in direct economic impact and 1,100 jobs to the area in 2011. When indirect and induced effects are accounted for, it becomes even clearer how important coal export shipments are to Hampton Roads. Indirect and induced benefits to the area included more than $900 million in goods in services, $200 million in earnings across all private sector industries and almost 4,200 jobs.
Farm Bureau throws support behind coal terminals
By Andy Giegerich, Sustainable Business Oregon editor
Supporters of three proposed coal export facilities in the Northwest picked up a heady supporter as discussions over the energy form hit continued fevered pitches.
The American Farm Bureau has thrown its backing to the Alliance for Northwest Jobs & Exports as officials consider coal transport facilities in Boardman and in Cherry Point and Longview, Wash. The Farm Bureau believes that the facilities will deliver thousands of jobs, bolster the Northwest’s trade infrastructure and, eventually, benefit agriculture producers.
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