Meet Pebble Limited Partnership CEO Tom Collier. Tom is working to get a federal permit for Pebble’s proposed mega mine. And Tom has 12.5 million reasons to get that permit as soon as possible.
That’s right – according to the company’s own filings with the SEC and Collier’s testimony before Congress, Collier will receive a $12.5 million “extraordinary bonus” if the Army Corps signs off on its Record of Decision for the Pebble Mine this Summer or Fall.
This project should be dead, but it isn’t. Tom Collier has helped to keep this project moving through the federal permitting process in spite of its flaws; his bonus depends on it. In fact, in the past year, the Pebble Limited Partnership has spent more money on lobbyists than any other mining project anywhere else in the country. And the faster this project gets approved, the bigger Collier’s bonus will be.