The Maine Board of Environmental Protection today granted Calais LNG an additional delay in the permitting process. In response, Save Passamaquoddy Bay researcher Robert Godfrey stated, “We continue to believe that Calais LNG, by its own admission in multiple filings to the State of Maine, has not adequately completed its permit applications and cannot demonstrate financial capacity that is a legal prerequisite for state environmental permitting.”
“We cannot imagine that after a world-class investment bank like Goldman Sachs, via its wholly-owned subsidiary GS Power Holdings, has backed out of financing Calais LNG that any other credible investor would consider risking money on such an ill-prepared, ill-sited, and ill-timed project,” Godfrey concluded.
