The “Oakland Protocol” A New Insight Terminal Solutions Plan For Coal
ONN – The “Oakland Protocol” A New Insight Terminal Solutions Plan For Coal
Insight Terminal Solutions CEO John Siegel announced a plan for shipping coal that he says will stop all shipments of the commodity after 20 years of operation.
Called the “Oakland Protocol”, it works like this:
According to Insight Terminal Solutions CEO John Siegel, the “Oakland Protocol” is called “5-3-0”, where ITS will agree to limit the transportation of coal through OBOT to 5 million tons a year for the first 10 years of OBOT’s operation, and 3 million tons per year for the next 10 years. After the initial 20 years of OBOT shipping, Insight Terminal Solutions agrees not to ship any coal through the Oakland Bulk and Oversized Terminal for the remainder of its 66-year lease.
Mr. Siegel told The Oakland Post “The phase out represents a 92 percent reduction in the amount of coal that could be shipped and eliminates coal by 2040, thereby beating the timetable in California Senate Bill 100 which would not make the state’s energy supply 100 percent carbon free until 2045.” The phase out gives ITS time to supplement and then replace coal with a variety of bulk commodities from grain, to soda ash, to wood chips, and in accordance with the original commodity hauling plan for OBOT, as explained in this video by Phil Tagami: https://youtu.be/ag-T676LtwA
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