Securing a Safer Future: Financial Assurance for the CEI Hub
Commissioner Meieran is spearheading a policy to address the public health, environmental safety, and financial risks identified in a seismic risk analysis of the Critical Energy Infrastructure Hub.
The first reading before the Board of County Commissioners will take place on November 21, 2024. Sign up to provide public testimony.
Commissioner Meieran's Initiative to Mitigate Environmental and Financial Risks
Commissioner Sharon Meieran is spearheading a groundbreaking policy to address the significant public health, environmental safety, and financial risks identified in Multnomah County’s seismic risk analysis of the Critical Energy Infrastructure (CEI) Hub.
Similar to King County’s Fossil Fuel Risk Bonding ordinance, this new financial assurance program will mandate that owners and operators at the CEI Hub take financial responsibility for any damages caused by the fossil fuels and hazardous materials stored there. By acknowledging the high risk and danger posed by these materials, even when stored in tanks, Multnomah County will ensure that taxpayers are not burdened with the costs of potential spills or accidents. This proactive approach aims to protect our environment and safeguard our community from the repercussions of hazardous material mishandling.
A Rumble on the River community forum was held on June 27, 2024 at the Multnomah Building in Portland, Oregon. Rumbles bring together expert voices to lay out the potential hazards of having 90% of Oregon's fuel and a mix of toxics stored within Portland's city limits on a seismic liquefaction zone. Open the video of the Rumble on the River community forum.
Panelists Mary King, Commissioner Sharon Meieran, Melanie Plaut, John Talberth, Chris Voss, and John Wasiutynski sit at the dias at the Multnomah Building boardroom.
