Would-be fuel exporters offer annual payment that might fund transportation projects

Buffered Bike Lane with a bike symbol and arrow pointing forward
Going bike boulevard at MLK Jr. Blvd-7

Brought to you by… Pembina?
(Photo: J.Maus/BikePortland)

Though it’s not likely to appease many Portlanders fighting to block the deal, there’s a chance that the construction of a propane export terminal in Portland could result in money for local biking improvements.

The opportunity arises as part of an offer from Pembina, the Calgary-based extraction company that needs city approval to run its pipeline through an environmental preservation zone on the way to the Port. Pembina has agreed that if its facility is built, it will among other things pay $6.2 million annually into a new “Portland Carbon Fund.”

According to the city, “the fund will be used for projects that reduce energy consumption, generate renewable energy and sequester carbon.”

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