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Portland’s Fuel Terminal Deal Under Fire | Portland News
Description
Portland’s City Council is weighing a controversial deal to hand over a decades-old fuel terminal contract from Zenith Energy to I Squared Capital, a new company promising to continue the renewable fuel transition and retain Zenith’s workers. But with a history of state fines and community distrust, environmental groups are demanding stricter oversight and transparency. I Squared Capital insists they’ll be a responsible, community-focused owner, but skeptics fear hidden deals and call for more public input before finalizing the transfer. Residents near the site are sounding alarms over safety, while legal tensions simmer between city officials and the new company’s lawyers.
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