'The fight is not over,' says one activist, but 'from tax breaks to pollution and now to these recent financial downswings, we have all the evidence we need to understand that Driftwood will be a parasite.'
"The fight is not over," says one activist, but"from tax breaks to pollution and now to these recent financial downswings, we have all the evidence we need to understand that Driftwood will be a parasite."Frontline leaders in Louisiana and environmental advocates cautiously celebrated Friday after gas developer Tellurian revealed that major deals with Shell and Vitol have fallen apart, a big blow to an export terminal project.
In other words, the LNG developer has"lost two of its biggest potential customers," and, as a result,"Tellurian's shares, halted multiple times after the disclosure on Friday, were last down about 20%,"."The company announced the canceled deals a few days after withdrawing a $1 billion high-yield bond sale that would have funded the initial construction.
Noting that some local residents of the already heavily industrialized area are still dealing with the destruction of hurricanes from the past few years, the campaigner said that"our priorities are backwards; we should be putting people first, not big polluters."
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