Will Utah lawmakers bail out beleaguered coal-export terminal?
The bankrupt proponents of an export terminal, intended to ship Utah coal overseas through Oakland, Calif., need a $20 million bailout and fast.Relief could come as soon as Aug. 20 when the Utah Legislature votes on whether to advance state money to pay off the project’s creditors, according to lawyers for Insight Terminal Solutions, the beleaguered company now at the center of the Oakland controversy.At least that’s what lawyer Andrew Stosberg told a Kentucky bankruptcy judge Friday
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