Columbia Biogas defends financing plan

Columbia Biogas defends financing plan

Columbia Biogas officials defended their plan to build a Portland plant, including asking the city to back part of the $55 million needed.

"We take issue with the fact that it's an inappropriate role for the city," said John McKinney, Columbia Biogas president. "This is exactly what it's all about — sustainability, renewable energy. We take issue with the fact that this project is being portrayed as risky."
McKinney spoke in response to a report in The Oregonian that said that the proposed financing arrangement for the Columbia Biogas plant could require the city to kick in as much as $900,000 a year for up to 20 years. The report also aired concerns about Ken Rust, the city of Portland's former chief administrative officer who is employed as a lobbyist by Columbia Biogas.

Read more at Sustainable Business Oregon.

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