14 results for author: Ted Franklin
Canadian Bank Plays Big Role in Keystone Pipeline, Oakland Coal Terminal
Although “Bank of Montreal” is hardly a household name in the U.S., Bank of Montreal is now playing an outsized role in efforts to build Oakland’s proposed coal terminal as well as the Keystone XL Pipeline newly revived by Trump Administration proclamation.
The Canadian bank’s role in arranging financing for developer Phil Tagami’s coal terminal was first dissected over a year ago in No Coal in Oakland’s earlier post, “Coal’s Frontmen in Oakland: Who Owns TLS?” The article revealed how Jeffrey Holt, a Bank of Montreal investment banker stationed in Utah, orchestrated the deal that would provide $50 million of Utah public money ...
April 20 Court Date Looms Big In Oakland Coal Struggle
Next Thursday, April 20, U.S. District Court Judge Vince Chhabria will hear the first arguments in the historic courtroom battle between the City of Oakland and local developer Phil Tagami who wants to build a major coal export facility on the West Oakland waterfront.
The City of Oakland, Sierra Club, and San Francisco Baykeeper will face off against Oakland Bulk and Oversized Terminal LLC (OBOT), a corporate shell through which Tagami and his business partners hold a 66-year lease and rights to develop and operate a marine terminal on the West Gateway portion of the former Oakland Army Base.
In December 2016, OBOT sued the City in an ...
Labor Tackles Climate Jobs Challenge as Oakland Coal Controversy Goes to Court: “Jobs for Workers, Not for Lawyers”
On Saturday, April 8, the Alameda Labor Council will sponsor a Labor, Climate & Jobs Forum with plenary and workshop sessions devoted to how Unions are addressing climate and environmental challenges by organizing workers and communities. Speakers will include Josie Camacho, executive secretary-treasurer, Alameda Labor Council; Kathyrn Lybarger, president, California State Federation of Labor; Cesar Diaz, State Building and Construction Trades Council; and Carol Zabin, UC Berkeley Labor Center Green Economy Program.
The Forum follows the Labor Council's pathbreaking support for the No Coal in Oakland campaign. In September 2015, in one of ...
Coal’s Frontmen in Oakland: Who owns TLS?
Terminal Logistics Solutions (TLS), the newly created terminal operator hoping to ship millions of tons of coal annually through a new export facility in Oakland, may, in fact, be a subsidiary of Bowie Resource Partners LLC, the coal company whose Utah mines the terminal would serve, according to documents provided by Emery County, Utah, in response to a Sierra Club public records act request.
An email from investment banker Jeffrey Holt to public officials in Utah in March 2015 reveals a bold plan to create TLS as part of "the business arrangement" between Bowie, four Utah counties, and possible other users of the terminal. A term sheet accomp...