(South-West MP Greg Thompson)
(File Photo)
Depending on what side of the issue you sit on, this is either good or bad news.
The sole financial backer of the controversial Calais LNG proposal has pulled out and now the question is out there......is the proposal dead?
South-West MP Greg Thompson tells CHSJ News, Ottawa's stance on this project has been quite clear so this is good news.
Calais LNG told state regulators last week that if Goldman Sachs can't sell its ownership interest by August 11th, all permit applications will be withdrawn.
They only other application left is Downeast LNG which wants to build its project at the mouth of the St. Croix River.
