Thursday, July 23, 2009

N.C. Property Rights Coalition joins the fight to stop government takeover of Alcoa’s private hydro business

A prominent property rights organization is joining the fight against a proposed government takeover of the Yadkin Project, a privately-owned hydro business along the Yadkin River.

The N.C. Property Rights Coalition, led by Raleigh lawyer Kieran Shanahan, is taking an increasingly active role in the legislative battle over a proposed government takeover of the Yadkin Project. The organization will be working to educate the people across North Carolina about the state’s unprecedented assault on private property rights. Alcoa is a financial supporter of the coalition.

If successful, the takeover of Alcoa’s privately-owned business could cost North Carolina more than $500 million and set a dangerous precedent that could make it more difficult to attract new business and jobs to our state. Business owners and individuals are asking the same question: “If this can happen to Alcoa, who’s next?”

The N.C. Property Rights Coalition took a stand on this preeminent property rights issue early on, and we welcome their support in our fight to protect our private property. We have been doing business in North Carolina since 1915 and look forward to continuing generating clean, renewable energy along the Yadkin River.

Visit http://ncpropertyrights.com/ to learn more.

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