Calais LNG, the company behind a proposed $1 billion liquefied natural gas terminal along the St. Croix River near Calais, will have an extra month to find a new financial backer. Maine's Board of Environmental Protection's (BEP) granted the extension today, now set as September 11.

As we reported last month on the Exception, Calais LNG's plans were thrown up in the air after it lost its financial support from a Goldman Sachs subsidiary.

The company previously claimed that if a new deal did not come together by August 12, 2010, it would withdraw its applications with the BEP.

Citing environmental concerns, the project is opposed by some members of the Passamaquoddy Tribe and local citizen groups such as Save Passamaquoddy Bay and the Conservation Law Foundation.

Editor's note: When this story was first published, we incorrectly stated that Calais LNG would withdraw its applications if a new financial backer couldn't be found by August 21. The correct date is August 12.

Also, we stated that the Passamaquoddy Tribe opposes the project. Nulankeyutomonen Nkihtahkomikumon (We Take Care of Our Land), a member of the Save Passamaquoddy Bay 3-Nation Alliance, is an organization made up of Passamaquoddy tribal members, but they do not represent the tribal government.

We apologize for the errors.