{"id":22021,"date":"2011-04-25T07:09:22","date_gmt":"2011-04-25T11:09:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=22021"},"modified":"2011-04-25T07:12:20","modified_gmt":"2011-04-25T11:12:20","slug":"hedge-fund-backed-mega-quarry-riles-up-local-farmers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2011\/hedge-fund-backed-mega-quarry-riles-up-local-farmers.html","title":{"rendered":"Hedge Fund Backed Mega-Quarry Riles Up Local Farmers"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/quarry.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-22022\" title=\"quarry\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/quarry-277x300.jpg\" alt=\"\" width=\"277\" height=\"300\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/quarry-277x300.jpg 277w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/quarry.jpg 397w\" sizes=\"auto, (max-width: 277px) 100vw, 277px\" \/><\/a>New York (HedgeCo.net) &#8211; The Highland Companies, backed by Boston-based hedge fund Baupost Group,\u00a0is seeing local opposition to its new Canadian mega-quarry plans.<\/p>\n<p>The group of\u00a0protesters yesterday\u00a0passed the half-way mark of their 5 day, 119\u00a0kilometer\u00a0march. \u00a0The group of residents, farmers and representatives have been walking with signs and flags saying &#8220;Stop the Quarry,&#8221; since a rally at Queen&#8217;s Park in Toronto last Friday.<\/p>\n<p>The proposed site is located in\u00a0prime farmland in Ontario&#8217;s potato-growing region known for a rare type of soil that is particularly suited to potato cultivation, the locals say. If allowed to proceed it would be the second-largest US owned quarry.<\/p>\n<p>&#8220;It will destroy productive farmland and threaten the headwaters of three important rivers &#8211; the Grand, the Nottawasaga and the Pine- water sources for one million people.&#8221; Carl Cosack, a local cattle and horse rancher, said.<\/p>\n<p>&#8220;200 feet below the water table is deeper than Niagara Falls and will require the extraction of 600 million litres of water per day. They claim it will not have a negative impact, it&#8217;s simply not credible,&#8221; said Cosack.<\/p>\n<p>The local farmers plan to finish the march with a rally on Tuesday afternoon at a potato farm next to the proposed quarry site on Highway 124.<\/p>\n<p>\u201cThe (company) application runs more than 3,100 pages, and took five years and 20 consulting firms to create,\u201d says area cattle rancher and horse trainer Carl Cosack, a rally participant. \u201cThe public was given 45 days to respond.\u201d<\/p>\n<p>Under Ontario law, an environmental assessment is not required for a mega-quarry.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; The Highland Companies, backed by Boston-based hedge fund Baupost Group,\u00a0is seeing local opposition to its new Canadian mega-quarry plans. The group of\u00a0protesters yesterday\u00a0passed the half-way mark of their 5 day, 119\u00a0kilometer\u00a0march. \u00a0The group of residents, farmers [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,16005,3],"tags":[],"class_list":["post-22021","post","type-post","status-publish","format-standard","hentry","category-activist-funds","category-developing-stories","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=22021"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22021\/revisions"}],"predecessor-version":[{"id":22027,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22021\/revisions\/22027"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=22021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=22021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=22021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}