Private gains, public losses. Abe and Joe look at Portland's biogas boondoggle.
Hosted by Joe Uris
We appologize for the technical difficulties with our Air Signal this morning. If you missed today's show, you can listen to it here.
Why not take our food waste and turn it into a source of energy? That's the idea behind biogas, and the impetus for a proposed new biogas plant in the Cully neighborhood. There's just one hitch to the plan: the company that wants to build the plant, Columbia Biogas, is asking the city of Portland to back its loan -- a scheme that could cost the city as much as $900,000 per year for 20 years. Abe and Joe take a look at this latest attempt to privatize gains and socialize losses.