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Conservative MPs spearhead opposition to privatization of BC Crown coal terminal

Sell-off seen as a job killer, loss of investment by taxpayers.

Conservative-appointed chairman Daniel Veniez says the terminal has been run as a businessVANCOUVER, May. 21, 2009 — Private companies are lining up to bid for the cash-strapped coal-shipping Crown corporation in Prince Rupert, potentially handing Ottawa as much as $131-million as it seeks to raise billions from the sale of government property this year.

But the $131-million offer for Ridley Terminals - one of four formal expressions of interest - is being stymied by government MPs worried about the effect of privatization on coal-mining firms in the BC Interior, says Daniel Veniez, the Conservative-appointed chairman of Ridley.

In an interview with The Globe and Mail, Mr Veniez said the opposition has been spearheaded by Jay Hill, government House Leader and the member of Parliament for Prince George-Peace River, a riding that embraces a large swath of BC's coal-producing region...

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  Battle brews as MPs oppose sale of British Columbia coal terminal, by Patrick Brethour, The Globe and Mail, May 21 2009

Posted: May 28, 2009

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