Tag: Ashley Cooper River Environmental Trust

Budgets - Cuts, Spending and You

Ecoterrorism and Public Dollars

Last week I did an article on ecoterrorism causing further delays in the International Drive project.

The form of ecoterrorism I was talking about consists of environmental groups essentially taking the stand ‘submit to our demands or we will delay your project ad infinitum.’

The International Drive project is not unique in the use of this technique.

The environmental groups will tell you they don’t threaten or bully anybody, but the effect appears to produce the same result. And this ecoterrorism is apparently not limited to the specific requirements of a project. It can apparently go well beyond those parameters if the environmental groups desire.

An example is the wetlands mitigation done for the Boeing plant in North Charleston.

General obligation economic development bonds were issued by the state of South Carolina to pay for infrastructure associated with the construction of facilities to ultimately be used by the Boeing assembly line. Included was a $5 million bond for wetland mitigation.

After paying the issuance cost of $250,000, the remaining $4,750,000 of bond proceeds were paid into the account of ACRET (Ashley Cooper River Environmental Trust), a non-profit entity established by the SC Department of Commerce.