Risk Bonds Comment Period Ends Monday, November 18, 2024

Here is a super-quick way you can help support Multnomah County taking action on Risk Bonds (aka the Fuel Tank Financial Responsibility Ordinance).

Risk bonds will require the industries who own the tanks in the Critical Energy Infrastructure Hub to pay up front for the inevitable accidents and earthquake disasters, AND encourage them to take timely action on seismic stabilization, relocation or decommissioning.  

For background, read this. 

Fill out this survey with your name, email, and click the “support” button.   (also forward this to your friends, family and networks). 

The important thing is to do this before midnight (11:59PM) on Monday November 18th. 

Please cut and paste this comment, or something like it, into the survey’s space for feedback:

I support a strong, enforceable risk bond ordinance that includes a penalty of $25,000/day for non-compliance, applicable to all facilities regulated by the DEQ Fuel Tank Seismic Stability program and going into effect within 1 to 2 years.

Here is your visual aid : image.png

Right now, the ordinance

* Takes way too long to kick in,

* Lets companies like Zenith stall even longer, charging penalties that cost a lot less than buying risk bonds would, and 

* Doesn’t build on new Oregon DEQ rule specifying which corporations have to pay.  

About XRPDX

Extinction Rebellion in Portland, Oregon – XRPDX – is a local chapter in the international Extinction Rebellion movement. XRPDX organizes people in the Portland, Oregon Metro area: By taking action (online and in person) to resist fossil fuel infrastructure and educate the broader public about the climate emergency. We support our allies in social justice struggles by spreading the word through a bimonthly newsletter; a website and blog and social media channels. We are building a supportive activist culture of appreciation and skill-sharing. We share a love of the natural world and a vision of a more just and equitable world.

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