Cannabis credit union in Denver sues Federal Reserve over rejection

first_img 18SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr A cannabis-centric credit union is going after the Federal Reserve after its application to open a “master account” was rejected.Fourth Corner Credit Union (TFCCU) in Denver wants to be the first to provide financial services to the marijuana industry in Colorado, where recreational use of the drug is legal under state law.The credit union, which was quietly notified of its rejection in July, filed a lawsuit in federal court against the central banking system for the setback, the New York Times reported Thursday. It accuses the Fed of preventing “equal access” to the financial system.Mark Mason, an attorney from South Carolina, had a leading role in founding TFCCU, which cannot officially start business before securing an account.Mason said he was not surprised by the decision and thinks the Fed had been looking for reasons to reject the credit union’s application.“I felt all along like they were trying to figure out a way to deny our application,” Mason told the Times, adding that a “federal judge who is only concerned in applying the law can [now] make the decision.”Mason confirmed the lawsuit in an email to The Denver Postlater that night. continue reading »last_img read more

Woodside’s GWF-2 project delivers first gas 6 months ahead of schedule

first_imgAustralian oil and gas company Woodside has informed that gas production has started from its Greater Western Flank Phase 2 (GWF-2) Project, offshore W. Australia.Goodwyn Platform / Image by WoodsideWoodside sanctioned the GWF-2 development in December 2015, earmarking $2 billion for the development located in Commonwealth waters approximately 135 km north-west of Dampier.The GWF-2 will develop 1.6 trillion cubic feet of raw gas (2P 100% project basis) from the combined Keast, Dockrell, Sculptor, Rankin, Lady Nora and Pemberton fields using subsea infrastructure and a 35 km, 16” pipeline connecting to the existing Goodwyn A platform.Woodside CEO Peter Coleman on Thursday said the project has been delivered $630 million below the expected cost of approximately $2.0 billion and six months ahead of schedule.“The project team has done an outstanding job executing and delivering GWF-2, which represents the next phase in gas supply to the NWS Goodwyn A platform, extending the life of the Karratha Gas Plant and contributing to Woodside achieving our targeted production of 100 MMboe in 2020. This success has been achieved by combining the two GWF-2 drilling campaigns, accelerating project work packages and collaborating closely with our contractors.“The capabilities demonstrated on the GWF-2 Project will be carried forward as we embark on our next phase of growth, including our proposed developments of the Scarborough and Browse offshore gas resources.“The Scarborough and Browse projects are part of our vision for the Burrup Hub, which would unlock the future value of the Karratha Gas Plant and Pluto LNG,” he said.The NWS Project participants are: Woodside Energy Ltd (Operator, 16.67%); BHP Billiton Petroleum (North West Shelf) Pty Ltd (16.67%); BP Developments Australia Pty Ltd (16.67%); Chevron Australia Pty Ltd (16.67%); Japan Australia LNG (MIMI) Pty Ltd (16.67%); and Shell Australia Pty Ltd (16.67%).last_img read more


first_imgThe family of miracle tourist Kelly Jones have paid tribute to the people of Donegal for helping to find her.In a message sent to from the United States last night, her cousin Dana Bailey described Kelly’s rescue from a renovated rectory in Glencolmcille yesterday as “great news.”And in a message to local people, gardai, mountain rescue volunteers, coast guard officials and members of hill walking clubs, Dana told us: “Thanks so much for not giving up the search for my cousin Kelly. “Our family greatly appreciates everyone’s efforts.”Kelly’s dad Ricky is flying in from the southern American state of Georgia tonight and is due to arrive in Ireland tomorrow.The tourist will be interviewed by gardai at Sligo General Hospital later today if she is well enough to answer questions.Gardai want to trace her movements from Saturday past at 11am until her miracle discovery at 12.30pm yesterday when she was spotted inside the old rectory on the outskirts of Glencolmcille – and around 300 metres from the local GAA club where rescue HQ had been set up. CRIME SCENELast night scenes of crime officers from An Garda Siochana sealed off the building for a meticulous forensic examination. Gardai want to know if Kelly was held against her will at any stage.Gardai believe she may have been there for up to three days but aren’t certain at this stage. Two searches were made in the grounds around the building by volunteers. There was no sign of anyone in the house during those searches, though the building – which was locked – was not searched.A window was smashed at the house, but it is unclear whether this was done by rescuers or before they arrived.Kelly was found by local volunteers who noticed her inside the house as they searched the gardens around it. Local garda Odhran McBride was first on the scene. He said he was “delighted” to find her alive.“I was just relieved and wanted to get her medical attention as soon as possible,” said Gda McBride.“I want to pay tribute to all the volunteers and all the local people who spent five days looking for Kelly in and around this area. They showed remarkable community spirit.”The same community spirit was praised by Brian Murray from the Donegal Mountain Rescue. He told us: “We are delighted that Kelly was found alive because to be honest it wasn’t looking good. “We wish her a speedy recovery and are delighted for her and her family over in the States.”And Patrick McBrearty from the Sliabh Liag Hill Walkers “We are delighted that Kelly was found safe and well by gardai and members of our club. We hope she recovers and will be reunited with her family soon.”The garda investigation into her disappearance is well underway. Gardai believe she may have been in the rectory for up to three days but Kelly wasn’t sure how long she had been there or why.Kelly was born in Texas and her family live both there and in Georgia, though recently she was working as a catering manager in Charleston, South received a large number of hits from all three States in the past three days since we broke first broke the news of Kelly’s disappearance.MIRACLE OF KELLY JONES: FAMILY SAYS THANKS TO DONEGAL was last modified: September 22nd, 2011 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:CRIME SCENEDONEGAL MOUNTAIN REFAMILY THANK DONEGALGardaiGELGlencolmcilleGlencolmkilleKELLY JONES FOUND ALIVElast_img read more