Industrial Metals

The Province reported that Tuesday night Vancouver’s city council voted to ban the storage, handling and trans-shipment of coal at the city’s marine terminals and berths. The move is being described as symbolic due to the fact that no coal facilities currently exist in Vancouver and because the city does not have any power over Port Metro Vancouver, North America’s second-largest coal exporter.

The Province reported that Tuesday night Vancouver’s city council voted to ban the storage, handling and trans-shipment of coal at the city’s marine terminals and berths. The move is being described as symbolic due to the fact that no coal facilities currently exist in Vancouver and because the city does not have any power over Port Metro Vancouver, North America’s second-largest coal exporter.

As quoted in the market news:

The Vision Vancouver-dominated council voted 9-2 for the zoning and development bylaw amendment that a staff report said was in line with the Greenest City 2020 Plan, which aims to curb greenhouse gas emissions and set the air quality target to “breathe the cleanest air of any major city in the world.”

No coal facilities exist within Vancouver’s jurisdiction, but staff said the motion to ban any future shipments of coal was partly prompted by industry inquiring about the possibility of shipping coal out of private lands on the city’s northeastern waterfront.

Click here to read the full report from The Province.

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