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Source: USW
From the Columbian:
Facing the opportunity to land the biggest oil terminal in the Pacific Northwest, the Port of Vancouver wanted to manage a highly lucrative lease deal with Tesoro Corp. and Savage Companies as smoothly as possible. The port settled into exclusive negotiations with the companies and moved the controversial project through public meetings.
On the evening of July 22, during a special public meeting on broad elements of the lease, the port fumbled.
That’s when port commission President Jerry Oliver told a hearing room overflowing with opponents of the controversial oil-by-rail plan that he, Commissioner Nancy Baker and Commissioner Brian Wolfe would discuss their public testimony in private — an apparent violation of Washington state’s open public meetings law, according to experts.
Read the rest at the Columbian
Shares of major North American potash producers fell sharply Tuesday on word that a Russian company is pulling out of a marketing group and is expected to undercut competitors’ prices for the fertilizer.
OAO Uralkali announced Tuesday it was withdrawing from a joint venture with another company from Belarus that set the price for about a third of the world’s potash supply. Instead, it plans to sell more potash to China, which buys about one fifth of the world’s supply of the fertilizer.
Uralkali has a much lower cost of production than rival PotashCorp of Saskatchewan, which was briefly Canada’s most valuable company in 2010 before the government stepped in and blocked a $40 billion takeover offer from Australian mining giant BHP Billiton.
More at CBS
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