To the five members of the Long Beach Harbor Commission, the decision to renew an old lease for a coal-export terminal was an easy one. Metropolitan Stevedore has operated a dry-bulk terminal at the Port of Long Beach since 1962, from which it moves everything from soda ash to coal to petroleum coke (“petcoke”), a carbon-intensive refinery byproduct. Oxbow Carbon and Minerals, run by William Koch, brother to Charles and David, has long subleased a coal shed from Metro, where it stores petcoke and coal for export. Under the new contracts, Metro will continue its lease for the next 20 years, and Oxbow will now lease directly from the Port for 15. Beyond that, not much has changed.
“The amount of coal exported is going to be roughly the same,” says Port spokesman Art Wong. “The facility’s going to operate as it always has.” For the Port,