New Non-Profit to Allocate Mitigation Funds for Massachusetts LNG Terminals
Posted on Jan 12, 2007 in Financing, Marine Regulation, State and Local Issues | Comments Off on New Non-Profit to Allocate Mitigation Funds for Massachusetts LNG Terminals
If the proposed Northeast Gateway and Neptune LNG terminals off the coast of Massachusetts are built, two Gloucester-based organizations, the Gloucester Fishermen’s Association and the Northeast Seafood Coalition, would help create a non-profit to oversee distribution of $12.6 million of the $47 million package paid by the energy companies to mitigate any effects that the terminals might have on fishing. Both terminals were recently approved by Gov. Mitt Romney and now face Federal review. The Boston Globe has details.