BREAKING: Hold Methanol-backers Accountable
I wanted to keep you in the loop on a developing story. This week, Columbia Riverkeeper (Riverkeeper) asked the U.S. Securities and Exchange Commission (SEC) to investigate Northwest Innovation Works’ (NWIW) statements to potential investors.
Riverkeeper’s letter to the SEC explains how NWIW told potential investors that methanol made in Kalama would be sold for fuel—and that growing demand for methanol-based fuel in China would make NWIW a good investment.
But NWIW has always said publicly that its methanol would be used exclusively to make plastic, not burned as fuel. Was NWIW misleading potential investors, in violation of federal law? Or has NWIW been misleading the public and Washington regulators all along? We all deserve answers. NWIW is a fossil fuel giant: the refinery could consume 320 million cubic feet of fracked gas per day, more than all other industrial uses in the State of Washington combined. By taking on NWIW, you are taking a stand for our climate and the people who call the Columbia home.
Your support powers Riverkeeper’s work to protect clean water and expose the truth about dirty fossil fuel exports. Thank you!
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