Opponents Seek To Derail Montana Coal Line
Under federal law, that would trigger a more intensive environmental review, including an air pollution analysis, if Tongue River Railroad was preparing the environmental study of the project. However, because the Surface Transportation Board is leading the study, it's uncertain if that threshold applies.
Others want the application rejected outright. Citing the potential for increased train traffic, the Rocker Six Cattle Co. and Northern Plains Resource Council this week petitioned the Surface Transportation Board to reject the railroad's application.
Their attorney Jack Tuholske, said the railroad "fudged the numbers by not disclosing the potential volumes" from the second spur.
"They are trying to fast-track this with minimal analysis," he said. "That's why they didn't disclose the full purpose of the railroad. The route now points like an arrow to the West Coast."
The prospect of increased coal exports also has sparked interest in Washington state. The director of the Washington Department of Ecology urged federal officials in a letter last week to consider a range of far-reaching impacts from the railroad. That includes train traffic tying up rail crossings, fugitive coal dust and air pollution from locomotives. "Additional rail being built specifically for coal trains to export coal could affect Washington State resources," Director Ted Sturdevant wrote. "It is imperative that the (Surface Transportation Board) consider the direct, indirect and cumulative impacts." The Surface Transportation Board this week said it had accepted the railroad proposal for consideration. An agency spokesman said Thursday that the board will consider the opponents' petition during its review of the railroad. First proposed in the 1980s, backers of the railroad struggled for years to line up financing until being bought out in 2011 by BNSF, Arch Coal and candy-industry billionaire Forrest Mars Jr. Last month, the co-owners unveiled a new route for the line, through Colstrip instead of Miles City.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV