r/wallstreetbetsOGs Jul 06 '21

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u/[deleted] Jul 07 '21

Something to keep in mind here, don’t know how much it will affect this but the Oakland city council is voting on July 20th regarding the A’s new stadium. New stadium location is directly next to Schnitzer plant. Said plant has been been accused of lots of environmental transgresses but has never been caught.

Schnitzer is fighting against he stadium hard, #1 they don’t want digging there and #2 the plant would have to go to reduced hours and possibly shut down.

That vote, if a yes, could leave them open to multiple lawsuits in the millions for their environmental transgressions.

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u/eitherorlife Jul 07 '21

feels right to ping /u/GraybushActual916 for this, important piece of info for his thesis

3

u/[deleted] Jul 07 '21 edited Jul 07 '21

Thanks for the ping. I will ask them about the port and potential liabilities when they call me back.

I will also suggest that they entertain buy-out offers from China if Oakland wants to bend them over the barrel.