This is a guest post by Eric de Place, originally published at Sightline Daily.
The news is everywhere: finance titan Goldman Sachs is selling off its stake in SSA Marine, the would-be coal exporter of Whatcom County. (To be precise, Goldman Sachs Infrastructure Partners, a subsidiary of the big firm, is selling its stake in FRS Capital Corp and Carrix, the parent companies that house SSA.) Many see the move as a major bet against the economic viability of Northwest coal export schemes.
Though it is important to remember that SSA Marine is a big company with a range of port terminal holdings around the globe, there is evidence for believing that the sale is connected to worries about coal.