Save the Bay Appeals to Hess Shareholders
Wednesday, November 17, 2010
The letter, available here, will be published in abridged form in tomorrow's regional edition of The Wall Street Journal.
In the letter, Save the Bay Executive Director Jonathan Stone urges shareholders to oppose the project, calling it "fatally flawed" due to extensive permitting obstacles, bipartisan political opposition, and insurmountable economic competition from recent developments in the regional energy market. He warns shareholders that their "money is being wasted."
"It is now seven years since the Weaver's Cove project was first proposed to regulators," wrote Stone. "It will never see the light of day."
- The Gulf Coast Oil Spill: Could It Happen Here?
- AG Lynch Aims to Protect RI from Oil Spill Impact
- After Gulf Oil Spill, Lynch Calls for Abandonment of LNG Project
- Cicilline: Oil Spill Shows Why Money and Politics Should Not Mix
- Is Obama getting a pass on the oil spill?
- Is the Oil Spill Headed for Rhode Island?
- Sen. Whitehouse Applauds Criminal Probe Into Oil Spill
- TIMELINE: Oil Spills in Rhode Island