Exxon Mobil unveiled plans to build a liquified natural gas terminal 20 miles off the New Jersey shore, a $1 billion project that would provide 1.2 billion cubic feet a day to the East Coast. Exxon has faced resistance to land-based terminals from environmentalists and local residents. But the floating-terminal plan got a nod of support from the New Jersey chapter of the Sierra Club, which said an offshore platform reduced the threat of terrorist sabotage. (AP in CNNMoney.com)
The Bottom Line
December 12, 2007
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